A Salt Lake man was arrested on a busy downtown street Friday moments after a bomb threat and attempted robbery at a nearby bank.

Bank employees received a phone call about 5:15 p.m. from a man who said he had planted four bombs in the First Security Bank, 79 S. Main. The man said the bombs would go off unless someone brought him $12,000 cash.The man apparently told the bank employee he was waiting west of the bank on Main Street and was carrying a USA Today newspaper.

FBI Special Agent James Screen said the bank manager went into the bank's vault pretending to get the money for the suspect while the police were being called. Two uniformed Salt Lake motorcycle police officers in the area immediately spotted the suspect among a group of people who were waiting for buses on Main Street.

James Edwards Dolan, 32, was arrested and taken to police headquarters, where he was questioned by detectives and FBI agents. He was later booked into jail for investigation of attempted bank robbery.

The bank was searched, but no bombs were found.

It was the third attempted bank robbery in Salt Lake City this week. Tuesday, First Security Bank at 2001 S. Main was robbed by a man who handed a teller a note demanding cash.

A dye pack placed with the money exploded as the robber left the bank. Salt Lake police officers arrested the man at a motel just five blocks away. A woman believed to have been the driver of the getaway vehicle was also arrested.

The second bank robbery occurred Wednesday afternoon at Valley Bank and Trust, 1295 S. Redwood Road. In that incident, the robber demanded money after threatening tellers with a handgun. He fled with an undisclosed amount of cash.

"Before the Christmas holidays, we get a rash of bank robberies every year," Screen said.