Man sentenced in connection with Pequannock Township bank robbery
MORRISTOWN, NJ (Morris County) – A Passaic County man has been sentenced in connection with two bank robberies that occurred in September of 2019, according to Morris County Prosecutor Fredric Knapp.
Philip N. McGrantham, 70, of Little Falls was sentenced on Friday to an aggregate sentence of five years in New Jersey State Prison. He must serve eighty-five percent of this term before he is eligible for parole and was also ordered to pay restitution for unrecovered proceeds from the Pequannock Township robbery.
On December 20, 2019, McGrantham pled guilty on Dec. 20, 2019 to first-degree robbery and second-degree robbery, Knapp said.
On Sept. 26, 2019, McGrantham entered the Wells Fargo Bank, located at 523 Route 23, in Pequannock Township, Morris County, NJ, and demanded money from the teller. After being provided a sum of money, he fled the scene.
Four days later, on Sept. 30, McGrantham entered the TD Bank, located at 280 Valley Road, in Wayne Township, Passaic County, NJ, and again demanded money. In addition, he threatened the teller that he would detonate an explosive if money was not provided. He was apprehended at his home in Little Falls later that afternoon and was found in possession of proceeds from the TD Bank robbery.
“Multiple county, local and federal law enforcement agencies were responsible for the successful prosecution of this defendant. Their collaborative work is a model for future investigations,” Knapp said.