LOS ANGELES (CBS) — The FBI announced the arrest of the man they say has robbed at least ten banks in Orange, Riverside and Ventura Counties as the “Snowboarder Bandit.”

Michael B. Franks, a 29-year-old Riverside man, was arrested Friday evening.

Officials say the “Snowboarder Bandit” — dubbed because he often wore a snow cap –is expected to be charged next week, according to Laura Eimiller of the FBI.

Franks’ arrest was the result of an ongoing investigation by the FBI and various local law enforcement agencies.

Franks is also the suspect in a bank heist in Palm Springs.

(©2012 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)