A 44-year-old Sears man was arrested and is being charged with the robbery at the Isabella Bank and Trust in Lake Friday.
According to the Clare County Sheriff, the suspect has been identified as Kelly Randall, of Sears.
Investigators received a tip on Sunday and went to Randall's home and interviewed him.
Authorities also recovered a undisclosed amount of money they say was taken from the bank. Original reports indicated he took somewhere between $8000 and $12,000.
Randall was charged with one count of armed robbery and one count of bank robbery. He was also put on notice as a fourth offense habitual offender.
His bond was set a $1 million.