Follow CBSMIAMI.COM: Facebook | Twitter

MIAMI BEACH (CBSMiami) — Authorities have released the name of the bank robbery suspect who was shot and killed in a standoff with police Saturday on Alton Road.

READ MORE: 'Hidden Worlds': An immersive voyage into deepest oceans & mesmerizing mangroves through state-of-the-art technology

Miami Beach Police said David W. Winesett, 51, who has also used the last name “Winesette,” escaped from a half-way house for prisoners in Little Havana and went straight for the Bank of America at 1414 Alton Road.

Police say this photo shows David Winesett, 51, attempting to rob a Bank of America on Miami Beach. (Source: FBI Miami)

Police say this photo shows David Winesett, 51, attempting to rob a Bank of America on Miami Beach. (Source: Miami Beach Police)

He gave the bank teller a hand-written note that said he had a bomb and demanded $20’s, $50’s and $100’s, according to federal investigators.

Authorities were alerted and Winesett fled down the street empty-handed until he ran into a barbershop on 15th Street and Alton Road.

READ MORE: Haiti's contributions to South Florida in full display at Haitian Heritage Month Art Exhibition

Officers were waiting for him when he finally came out of the barbershop, armed with a straight edge razor.

During the police confrontation, which was captured on video by several bystanders and uploaded to YouTube, Winesett refused to comply with the officers’ requests to put down his weapon.

In the tense final moments, one officer fired a tazer and another fired an assault weapon. Winesett was struck twice and died on the scene.

Two days earlier, Winesett was placed in the custody of the Fedeal Bureau of Prisons to finish a 151-month sentence for bank robberies in Florida.

Winesett’s criminal history dates back to 1986 and includes arrests for extortion, depositing bad checks, theft and bank robbery.

MORE NEWS: Gov. Ron DeSantis signs property insurance, condo safety reforms into law

Miami-Dade Police are now investigating the officer-involved shooting.