Photos of Guelph Scotiabank robbery released by police

Guelph police have released photos of two men involved in an armed bank robbery at a Scotiabank located on Kortright Road W., on Wednesday.

Suspects are believed to have fled in a dark coloured 2015 to 2017 Toyota Camry, police say

Police say two men brandishing a gun entered a Guelph Scotiabank and demanded cash. The suspects received an undisclosed amount of money, before fleeing the scene.  (Supplied)

Guelph police have released photos of two men involved in an armed bank robbery on Wednesday.

Police say the men entered a Scotiabank, located on Kortright Road W., at around 12:30 p.m. They demanded cash and received an undisclosed amount of money, before fleeing the scene. 

The suspects are believed to have left in a dark coloured 2015 to 2017 Toyota Camry, police said.

The men are described as having slender builds. They were wearing dark clothing and had their faces covered with ski masks.

At least one handgun was brandished during the robbery, police said.

Investigators are asking for anyone who witnessed the robbery to contact police at 519-824-1212 ext. 7226.

"Now that we've got the type of vehicle that we're looking for a little bit better, we're hoping that anybody that was potentially in the area between noon at 12:45 p.m., maybe if they've got a dashcam and they've picked the vehicle up on dashcam, or if they even just saw the vehicle that they can contact Guelph police with that information," Const. Mike Gatto said.

Spike in commercial robberies in Waterloo region

The robbery comes one day after two men with handguns demanded cash at a Scotiabank in Cambridge. Three other robberies at Scotiabank locations in Kitchener and Waterloo have also been reported since February.

Investigators cannot say if any of the incidents are connected at this point in time, Gatto told CBC News.

"Certainly that's something that we'll look into and try to see if there's evidence that can connect them, but at this point, you know, we have to look at this as being potentially an individual incident," he said.

Waterloo Regional Police says there has been a spike in commercial robberies in the first two months of 2019. That includes businesses like convenience stores and gas stations, as well as banks.

Const. Andre Johnson said it's too early to draw any conclusions, but the statistics are concerning.

"Anytime we respond to incidents with weapons, especially firearms, it is a concern," Johnson told CBC News.

Johnson said police investigate each robbery independently, but also look at any potential links to other incidents.

"Investigators will work in conjunction with our crime analyst unit, to assess factors such as locations, the involved weapons and the suspect descriptions, to determine if there are patterns in criminal behaviour," he said.

According to Johnson, investigators also work with other police services to assess possible trends or connections.