Man accused of extorting Chapel Hill bank

A Chapel Hill man has been arrested after police say he allegedly threatened to kill four University of North Carolina students if a local bank didn't give him $300,000.

Reid Kelley, 22, was charged Saturday with one count of extortion.

Court documents say Kelley told a BB&T Bank branch on Elliott Road in Chapel Hill that he would kill the students if he didn't get the money by 10:30 p.m. Friday.

Kelley is also charged with one count of possessing a weapon of mass destruction. Court documents indicate that, at the time of his arrest, he was in possession of an AR-15 assault rifle.

He was in the Orange County jail Monday evening under a $200,000 bond.