Two men accused of robbing the Lake-Osceola State Bank Luther branch in Lake County last month, have been officially charged.

Both, 54-year old James Phipps of Fraiser and 34-year old Timothy Fullerton of Luther have been charged with two felonies,  one count of bank robbery and one count of false report or threat of terrorism. 

Their bond is set at $75,000 each.

Back on September 22^nd, the duo is accused of handing the bank teller a note demanding money and referenced a bomb at a school. Although the men did not specify a specific school, law enforcement still took the necessary precautions and evacuated Baldwin Community Schools.