Updated

LOS ANGELES -- A masked suspect armed with a long-barreled weapon robbed a bank in Santa Monica, Calif., on Tuesday and took off with as much as $5,000 before police could catch him.

The incident occurred inside a Wells Fargo Bank on Montana Avenue at 9: 51 a.m. The street is known for its posh stores and is frequented by celebrities.

The suspect — who was last seen jumping a wall in the rear of the bank — was dressed in layers of clothing and gloves, police said.

The robber entered the bank brandishing the firearm while wearing a “Day of the Dead” type mask. He approached a worker, demanded money and fled. There were no injuries but nearby schools were placed on a brief lockdown.

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Police said they responded within minutes and searched extensively in the area. They are appealing to stores and homeowners who may have surveillance video to help in the investigation.