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Police Raid Providence, RI, Self-Storage Facility in Relation to $500K Bank Heist

July 11, 2023

2 Min Read
Police Raid Providence, RI, Self-Storage Facility in Relation to $500K Bank Heist

Police searched a Providence, Rhode Island, self-storage facility last week in connection with a $488,000 heist at Santander Bank on June 29. A search warrant was executed at a Public Storage on Friday, according to sources.

Officers used power tools and a crowbar to access a unit in Building B at 1130 Mineral Spring Ave. Investigators removed several items from the space during a two-hour period, according to news source Target 12, which captured video footage of the search. The evidence was taken out in boxes, bags and plastic bins. A large, black, metal box was also confiscated.

The raid came after a July 3 search of the home of Tracey Delgado, a branch operations manager for Santander Bank. Police believe the crime may have been an inside job and have named Delgado as a person of interest. During the home search, they found two vaults containing 91 $2 bills inside a Santander Bank envelope, another $6,000 in cash, a suitcase, cell phones and passports, and clothing that matched the suspects’ description. The found cash hasn’t been connected to the case and Delgado hasn’t been charged, a source reported.

Another bank employee led investigators to Delgado after reviewing security footage of the theft and noticed one of the suspects had the same body type and mannerisms as the woman. Delgado told investigators she was home at the time of the theft, but city cameras captured her car on a license-plate reader at 3:40 a.m.

Investigators have described the crime as “sophisticated.” Security footage recorded a masked suspect dressed in black using an access code at 2 a.m. to enter the building through the back door. After a second masked suspect appeared with a rolling, red suitcase, the first person keyed in another code to enter the vault. The bank had a large amount of cash, as employees were scheduled to stock the ATMs the next day. The thieves left through the back door within three minutes of entering the building, a source reported.

The investigation is ongoing, and no arrests have been made.

Based in Glendale, California, Public Storage has interests in 2,877 self-storage facilities in 40 states, with approximately 205 million net rentable square feet. It holds a 35% interest in Shurgard Self Storage SA, which has 266 facilities in seven European countries, with approximately 15 million net rentable square feet.

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