(CNN) -- Two guards were killed and a third wounded Thursday in the robbery of an armored vehicle outside a Wachovia Bank branch in Philadelphia, Pennsylvania, police said.
The suspect, described as a black male wearing a yellow baseball cap, is seen on tape from a surveillance camera.
Police were looking for one suspect, Philadelphia Police Commissioner Sylvester Johnson said.
The suspect, a black male wearing a yellow baseball cap, may have driven a black four-door car from the scene, Johnson said.
The two guards died from gunshot wounds.
The third guard, who was grazed by a bullet or flying glass, was hospitalized, Johnson said.
The robbery attempt happened shortly after 8 a.m. ET as the Loomis armored vehicle crew serviced an automated teller machine outside the bank near the Roosevelt Mall in northeastern Philadelphia, Johnson said.
Scores of police and FBI agents were on the scene, KYW Newsradio reporter Tony Hanson told CNN. Video Watch police swarm the shooting scene »
Video footage from CNN affiliate WPVI-TV of Philadelphia showed the guards' bodies lying on the ground near the drive-up ATM, covered with white sheets.
The mall was shut down, Hanson said, and police were stopping cars leaving the area, The Associated Press reported.
Police were studying bank surveillance video for clues, the police commissioner said.
Schools in the area were locked down, Hanson said.
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Police found a black bag filled with cash behind an off-track betting parlor near the bank, police Officer Raul Malveiro told the AP.
The bank is close to Interstates 95 and 76, which police said could have provided easy escape routes for anyone involved in the robbery
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