First National Bank in Cortez was robbed about 11:30 a.m. Wednesday when a man passed a note to a teller saying he had a gun and demanded cash.
Byron Maynes, president of the bank, said the suspect did not appear out of the ordinary.
"He looked like anyone else who would walk into a bank," Maynes said. "Fortunately, no one was hurt, but we do have some people (inside) still shook up."
The suspect is described as a possible Asian male in his late 20s or early 30s, according to the Cortez Police Department. He was wearing a white shirt with a black tie, dark pants and a blue ball cap with white lettering.
"He handed the teller a note advising he had a gun and to give him all the money," said Angelia Herrmann, public information officer for the city police. "The suspect entered and exited (the bank) using the north door."
Maynes was not sure how much money the suspect might have taken. Armed Cortez police officers searched city streets near the bank, at 140 W. Main St., and detectives were reviewing a bank video tape. The bank closed immediately after the robbery. Maynes said the robbery was a first for him in 26 years of banking.
All Montezuma-Cortez School District Re-1 schools were put on lockdown around noon for about 40 minutes, said Re-1 Superintendent Stacy Houser.