Armed Crime Squad detectives have arrested a 49 year-old man following an attempted armed robbery in Grantville on Monday (8 October).

Investigators have been told a man entered a bank on Bass Highway about 10.55am armed with a knife and hammer.

He approached two different bank attendants and made demands for cash before leaving empty-handed.

No one was injured during the incident.

The 49 year-old man was arrested about 5:30 pm today in Traralgon.

The investigation is ongoing.

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