Edgartown man linked to Falmouth bank robbery denied bail

Petar Petyoshin will be held without bail until a September status review hearing.

Petar Petyoshin, the Edgartown resident facing nearly a dozen charges for his connection with the April 8 armed robbery of Rockland Trust Bank in Falmouth, will be held without bail until September.

Petyoshin will be held at the Barnstable County House of Corrections without bail until his scheduled status review on Sept. 27. A probable cause hearing is slated for June 28, but Falmouth District Court says it’s unlikely that hearing will affect the ruling of this week’s dangerousness hearing, which set no bail.

Petyoshin was arrested on May 23 at the Martha’s Vineyard Registry of Motor Vehicles, and arraigned later that day in Falmouth District Court on charges of armed and masked robbery with a firearm, bomb/hijack threat, larceny over $1,200, carjacking, and seven counts of kidnapping. 

Petyoshin, a water operator with the Oak Bluffs Water District, is accused of robbing the Falmouth bank of $21,000. 

Disguised in a wig and surgical mask, he allegedly pointed a gun at bank employees and customers, and threatened to detonate explosives. 

According to witness statements, Petyoshin forced the three employees and four patrons present at the time of the robbery to zip-tie one another, before fleeing in a stolen customer’s car.

After investigators obtained surveillance footage from nearby businesses, Petyoshin was surveilled by the Massachusetts State Police (MSP) Special Investigations Unit–FBI Violent Crimes Task Force for roughly two weeks before an arrest was made. 

That arrest was made by the Massachusetts State Police Special Tactical Operations Team, with assistance from the FBI Boston’s Violent Crimes Task Force, and the Falmouth, Edgartown, and Oak Bluffs police departments.


  1. I cannot understand why someone would risk spending years in jail for a total of $21,000.00?
    Is this a case of desperation or bravado?

  2. I can’t understand why a very poor bank robber gets no bail but a drug dealers who are literally killing our kids seem to get out for a few bucks?

    • Couple differences off the top of my head, bank robbery is a federal crime. Kidnapping. Bomb threat. Pointing a loaded gun. Stealing a car.

    • I have the same feeling. Our judicial system is sssssssoooooooo mixed up. He’s ah good guy, family and ah job(which apparently didn’t pay enough) it seems

    • John
      Not all drug dealers are a significant threat, for one.
      Yeah, some people deal in millions of dollars of seriously deadly stuff, (like the Sackler family, who are not ever going to serve any time) but many drug dealers are just kids making a few bucks selling marijuana.
      There is a difference–
      Your assumption that drug dealers get off easy may be incorrect , by the way.
      ” At the federal level, 47.5 percent of prisoners (81,900) were serving a sentence of any length at the end of September 2016 after being convicted of a drug offense as their most serious crime. But doesn’t just include drug possession, it includes all kinds of drug offenses. “More than 99% of federal drug offenders are sentenced for trafficking,” according to the Bureau of Justice Statistics.”

  3. This is very serious and scary behavior.
    Holding a gun while robbing abank, threatening to set off a bomb, zip tying employees and customers.
    Might be living beyond his means to impress others. Very sad for the children and his wife.
    I’m not sure why anyone thinks that they can do it better than the others before them but you have to know that you are probably going to get caught and you will have to pay the consequences. Unfortunately the children will too.

  4. About 60% of bank robberies result in an arrest. One of the highest arrest rates of any major crime.
    About 80% of those arrested are actually convicted and serve time.
    So, it’s about even odds that you will ever see the inside of a jail cell.

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