Police investigations are said to be at a sensitive stage regarding the robbery of millions of dollars from the People's National Co-operative Bank in Newell, St Elizabeth on Wednesday.

According to information provided by the police, four men, believed to be armed, entered the financial institution about 10:30 a.m. posing as customers.

The police said the men allegedly tied up the staff and locked them inside a vault before making off with approximately $3.4 million.

One customer was said to be inside the bank conducting business when the robbery occurred.

No one was injured.