MORRISTOWN, NJ – Officials announced the sentencing of a 70-year-old man who robbed two banks in Pequannock and Wayne in September, 2019.
In December of 2019, Philip N. McGrantham, 70, of Little Falls, had pled guilty to first-degree robbery and second-degree robbery in connection with two bank robberies.
Morris County Prosecutor Fredric Knapp, Acting Chief of Investigations Christoph Kimker, and Pequannock Township Police Chief Brian Spring announced that on May 8, 2020, the Honorable Robert M. Hanna, J.S.C., sentenced McGrantham to an aggregate sentence of five years in state prison. McGrantham must serve 85% of this term before he is eligible for parole. McGrantham was also ordered to pay restitution for unrecovered proceeds from the Pequannock Township robbery.
The prosecution stemmed from two separate bank robberies committed by McGrantham in September of 2019. On September 26, 2019, McGrantham entered the Wells Fargo Bank on Route 23 in Pequannock and demanded money from the teller, according to officials. After being provided a sum of money, he fled the scene. Four days later, on September 30, the defendant entered the TD Bank on Valley Road in Wayne and again demanded money. In addition, the defendant threatened the teller that he would detonate an explosive if money was not provided. The defendant was apprehended at his home in Little Falls later that afternoon. Money from the TD Bank robbery was found there, according to the release from Knapp’s office.
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