People's Credit Union on Memorial Boulevard was robbed Thursday morning and Newport police arrested the suspected robber minutes later after an officer stopped a taxi cab.

Randy Joseph Demello, 53, of 15 Pond Ave., Apt. A, was charged with second-degree robbery, according to Newport police.

Police said that at about 11:40 a.m., a teller at the bank told them a man – later identified as Demello – walked into the bank and passed the teller a note demanding money. Police said the teller gave Demello money, and he left the bank and got into an Orange Cab taxi.