WATCH: Santa gives out candy canes in bank... then robs it

SANTA has made both the naughty and nice list this year after handing out candy canes to staff at a bank that he then robbed.

Police in the U.S city of Memphis are searching for a man who walked into a bank dressed in a Santa mask, wished staff members a Merry Christmas and then demanded cash from a teller.

Memphis police say the man robbed the bank about 10am on December 21.

Video footage shows the man handing out candy canes inside, before demanding cash from one of the staff members he'd given a candy cane.

Police said the robbery was still being investigated and no one had been arrested.