Police are investigating an armed robbery on the state’s Mid North Coast.

About 10.10am today (Wednesday 17 October 2012), three men entered a financial institution on Hastings Street, Wauchope, with their faces concealed and armed with screwdrivers.

The trio threatened staff, demanding money, before fleeing with an amount of cash.

They left the area in a silver Holden Commodore which was being driven by a fourth man.

Police have been told the vehicle narrowly missed hitting a pedestrian as it left the scene.

Police were alerted and officers from Mid North Coast Local Area Command attended and commenced inquiries into the incident.

Local police are being assisted by officers from the State Crime Command’s Robbery and Serious Crime Squad.

The Commodore was located on fire on Horatio Braham Drive, South Kempsey, about 11am.

Police are appealing for anyone who witnessed the robbery, or who has any information, to come forward.

The men are described as being of Aboriginal / Torres Strait Islander appearance and were all wearing dark clothing.