ATLANTA -- Police are on the hunt for the person who shot and robbed a man as he walked across a busy street to make a bank deposit Monday morning.

According to police on the scene, the victim, Ansley Wine Merchants co-owner Jim Mead, was on his regular morning run of bringing money from his business at Ansley Mall across the street to the Wachovia bank on Monroe.

Kathy Payne, who used to work at that bank, was a customer inside and heard the gunshot outside. Then the victim staggered inside.

“And the person who was shot had come in the front door and he was laying down and he was bleeding and I just helped maintain the blood, you know, put pressure on the wound area,” Payne told Channel 2’s Jeff Dore.

Before paramedics arrived Mead told her what happened.

“As he crossed the street the guy looked like he was waiting at the bus stop and he followed him up to the bank, up the steps, up the sidewalk to the bank and he told him to drop the bag or he’d shoot him. And he turned around and the guy shot him. And he got the bag and he left,” said Payne.

Officials said the suspect eventurally dropped the money bag and ran off through a neighborhood.

Mead is listed in stable condition at a local hospital. A business associate said the bullet went right through him.