Police believe the Vaulter Bandit has struck again, this time in Mississauga.

They are searching for a man dressed as a construction worker who robbed a TD bank Friday morning.

Peel Regional Police raced to the bank at 1540 Dundas St. E, near Dixie Road, at about 7:30 a.m. The suspect had fled before police arrived.

Inside, police say, the male suspect demanded a teller turn over money at gunpoint. It's not clear if he got away with any money, said Const. Thomas Ruttan.

Police say the incident took place at about 7 a.m., although the bank didn't open until 8 a.m.

The suspect carried a handgun and black bag into the bank, Ruttan said.

A familiar face to GTA police

The man is described as white, 5 feet 10 inches, 45-50 years of age with grey hair. He was wearing a yellow hard-hat, orange visibility vest with yellow stripes, and blue jeans.

The suspect fled in a silver four-door Chevrolet sedan.

​After more than five years, police think the Vaulter Bandit is responsible for a number of other robberies throughout Ontario and Alberta. He has been caught on camera almost every time, but continues to evade police.

His face is a familiar one to police. They have nearly a dozen shots of the vaulter in action across the GTA, in Ottawa, and also in four armed robberies he committed in Calgary in just 10 days.

Ruttan warned anyone who thinks they see the suspect to call police as it's possible the man may be armed.

The Canadian Bankers Association is offering a reward of $50,000 for anyone with information leading up to the Vaulter Bandit's arrest.