On Friday, York Regional Police and Peel Regional Police and the Canadian Bankers Association plan to hold a news conference in Aurora to publicize the $100,000 reward.
The robber is known at the Vaulter Bandit for the way in which he jumps over the counter during robberies, and he has been linked to about 20 bank heists over a five-year period across Canada.
He appears to work alone and may use rental cars.
“He’s probably pretty hush hush about it,” [Det.-Sgt. Mike] Fleischaker said.
He has used a silver Jetta and a Chevy Cruz for his escapes, and police are investigating whether they were rental cars.
“These are cars that are frequently rented out as economy cars,” Fleischaker said.
His method of robbery has changed over the course of his career.
Originally, he went into banks during regular hours and jumped the counter, taking whatever he could quickly from tellers.
Since May 2011, he has started to show up in the morning as employees prepare to open branches for business.
Last June, the Canadian Bankers Association raised the reward to $50,000 from $20,000.