Princess branch of the Bank of Butterfield.

No charges have been laid, but the two men arrested are expected to appear in Magistrates' Court this week.

A masked man fired a shot as he held up the bank at about 1.30 p.m. on Friday.

Nobody was injured.

The man and an accomplice then fled on a cycle with the cash they grabbed, which was less than $25,000, sources said yesterday.

Police arrested a 23-year-old Pembroke man on Monday night. He was said to be assisting Police with their inquiries, along with a 26-year-old Devonshire man arrested on the weekend.

"Investigating officers would like to thank the public who have been very helpful in coming forward with information,'' Police said in a news release.