A man was arrested early Thursday morning, charged with robbing a St. Augustine bank using a fake bomb Wednesday morning.

Police said Larry Martin Strickland, 50, was arrested without incident in Volusia County shortly after 2:30 a.m. He is charged with robbery and grand theft and is being held on $500,000 bond.

Investigators say Larry Martin Strickland left a device he said was a bomb at the counter of the Putnam State Bank on U.S. 1 about 11:30 a.m. It turned out to be a fake.

Police said they chased Strickland, a Lake City resident, as he got out of a car and ran into some woods. They arrested the driver of the car, identified as Martin Lee Harmon, 52, at the scene.

Deputies and K-9 units on the ground and a sheriff's office helicopter searched the area, but they got information that Strickland caught a ride to the Daytona Beach area with an unsuspecting driver.

Alerted by St. Johns County authorities, police in Daytona Beach and Holly Hill began searching for Strickland. A taxicab driver told police he dropped Strickland off at a Daytona Beach motel. Detectives took Strickland into custody and recovered a large amount of cash from the his room.