Reports state that three subjects entered the bank at 3:40 p.m. Wednesday. A female subject, described as being 5-foot-3 and 120 pounds with black hair, brown eyes and wearing a green hooded sweatshirt, produced a handgun and demanded money.
A second suspect, described as a male in his mid-20s at about 5-foot-10 and 180 pounds with long black hair in braids, jumped on the counter and began filling a satchel with money.
The third suspect's gender has not been determined. The suspect was 5-foot-8 and about 180 pounds with a medium build and wearing a white skull cap or hood.
The suspects also robbed a bank customer of personal cash, reports state.
The suspects escaped with an undisclosed amount of money and headed east from the bank in a white two-door Chevrolet Lumina.
The car was later found abandoned at the back of Harris Teeter at 1799 Airport Road.
No information on the ownership of the vehicle or physical evidence has been released.
The FBI has been called in to assist with the investigation.
"It's because bank robbery is a federal offense and because they insure the money," said Chapel Hill police Capt. Everette Johnson.