UPDATE: Monticello man pleads guilty in bank robbery - KWWL - Eastern Iowa Breaking News, Weather, Closings

UPDATE: Monticello man pleads guilty in bank robbery

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(KWWL) -

 A man who robbed the F&M Bank in Monticello on July 29, 2016, pled guilty today in federal court in Cedar Rapids. 

Brandon Brown, 45, from Monticello, Iowa, was convicted of armed bank robbery.  In a plea agreement, Brown admitted he took more than $4,000 from the F&M Bank by brandishing a weapon and pointing the weapon at a bank employee. 

Sentencing before United States District Court Chief Judge Linda R. Reade will be set after a presenter report is prepared.  Brown remains in custody of the United States Marshal and will remain in custody pending sentencing.  Brown faces a possible maximum sentence of 25 years’ imprisonment, a $250,000 fine, $100 in special assessments, and 5 years of supervised release following any imprisonment.

The case is being prosecuted by Assistant United States Attorney Jacob Schunk and was investigated by the Federal Bureau of Investigation.  

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Police make an arrest into the Monticello bank robbery that took place Friday.

According to Monticello Police Chief Britt Smith, 44-year-old Brandon Brown of Monticello was arrested at 3:12 Sunday morning on charges of first degree robbery, a class B felony. 

Brown is suspected of robbing the F&M Bank in Monticello.

An undisclosed amount of money was taken.

He is being held at the Jones County Jail being held on a $25,000 bond.

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