A former honored Israeli Border Police officer stormed into a bank in Southern Israel Monday, fatally shooting four people and seizing a hostage before committing suicide, because he was upset the institution had cut his credit line.
 

Four others were reportedly wounded, one seriously, during the early-afternoon rampage at a Bank Hapoalim branch in Beersheba, according to The Times of Israel.

Police initially said they were investigating the case as a bungled bank robbery. But later in the day, Israel's  national police chief, Yohanan Danino, said authorities were examining the possibility that "the murderer came in with an intention to shoot."

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The shooter, a former Israeli Border Police officer named Itamar Alon, was angry that the bank had refused to give him a loan.

"I'm going to show you — and do to you what you did to me. I'll show you," Alon told the hostage, bank employee Miri Cohen, in an apparent reference to the financial institution’s decision to cut off his credit line, according to the Times.

Shortly after making that threat, Alon released her and committed suicide as police closed in.

Alon entered the bank shortly after 1 p.m. local time and killed the branch manager, Avner Cohen, 40. Cohen is survived by his wife and three children, ages 18, 13 and 6, The Times of Israel reported.

Alon also killed bank customer Anat Ben-Haim, a 34-year-old woman who is survived by three children – four-year-old twins and an 11 year old. The other murder victims were identified as Idan Savri, 22, and Meir Zeitoun, a 40-year-old deputy manager at the bank who leaves behind three children.

In 2002, Alon, then an Israeli Army officer, received a medal for bravery for his role in thwarting a mass-casualty terrorist in Southern Israel. But shortly afterward, he began spiraling downhill emotionally, the Times reported.

He was released from the army a year later after colleagues complained about his erratic behavior.