NEWARK, NJ - A Paterson man faces decades in jail, and a half a million dollar fine, after pleading guilty to robbing two area banks earlier this year.

According to the Acting U.S. Attorney William E. Fitzpatrick, James M. Chestnut, 62, admitted to robbing a TD Bank in Paterson on June 30, 2017, and an Investors Bank in Clifton on July 5, 2017.

In the first incident Chestnut entered the bank and handed the teller a note stating “put 100s and 50s in the envelope. No dye pack.” Less than a week later Chestnut brandished what appeared to be a firearm and told the teller to “open your drawer. Give me you money. All the 100s.” He further threatened to shoot the teller if she called the police.

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Chestnut also admitted to attempting to rob a Chase Bank in Saddle Brook on July 3.

Sentencing is scheduled for March 21, 2018.