Kids enjoy the 16th annual Santa Claus parade on Columbia Street in New Westminster, Dec. 15, 2019. The annual parade was held in the historic suburb of Vancouver to ring-in the festive Christmas season. (Photo by Andrew Soong/Xinhua)

A man with a white beard was being held on $10,000 bond for allegedly robbing a Colorado bank and throwing the stolen cash into the air while shouting, "Merry Christmas" to passersby.

David Wayne Oliver, 65, was arrested at a nearby Starbucks coffee shop after he held up the Academy Bank in Colorado Springs on Monday afternoon. The suspect had "threatened the use of a weapon" and left the bank with an undisclosed amount of cash, police said. 

Colorado Springs television station KKTV reported that eyewitness Dion Pascale recounted Oliver stepped outside the bank and tossed the money "all over the place."

"He started throwing money out of the bag before yelling, 'Merry Christmas,'" the TV station quoted Pascale as saying.

Pascale said bystanders retrieved some of the money and returned it to the bank as Oliver walked to the Starbucks, sat down and appeared to be waiting for police to arrest him. 

Reuters