Oakland authorities are actively searching for a suspect wanted in connection with an armed robbery that occurred at a local financial institution earlier this week. The incident took place on Thursday morning, July 9, 2026, at approximately 9:26 a.m. at the Wells Fargo Bank branch located at 901 Franklin Street in the Chinatown district of Oakland. According to police reports, the suspect entered the bank and approached a non-teller employee. He physically grabbed the employee by the collar and threatened them with a knife, demanding cash. The employee complied with the suspect's demands, and an undisclosed amount of money was handed over. Following the robbery, the suspect fled the scene on foot. Police stated that he was last seen walking on Franklin Street near the bank. The investigating agency, the Oakland Police Department, has released a detailed physical description of the man they are looking for. He is described as a Black male in his 40s to 50s, standing approximately 6 feet tall with a medium build. The suspect is noted to be bald and has a salt-and-pepper beard. At the time of the incident, he was wearing a gray t-shirt and light-colored jeans. The robbery is currently under investigation by the department's robbery investigators. Authorities are urging anyone who may have information regarding the suspect's identity, location, or movements following the crime to come forward. Members of the public with tips are asked to contact the robbery investigators directly at 510-238-3326. The suspect remains at large as of the latest update, and police continue to seek the public's assistance in locating him.