Waikato Police say it may be a while before the motive behind this morning's attack on a bank building in the town is clear.
Sergeant Vince Ranger of the Whangamata Police said officers were called to reports of a disturbance at the BNZ bank on Port Rd shortly after 10am.
"Officers arrived to find a number of windows at the bank had been smashed and a counter damaged by a man armed with what was described as an axe.
"No-one was injured in the attack and it does not appear that the offender's intent was to rob the premises. A 53-year-old local man was arrested at the scene without incident and he is currently being interviewed by our staff."
While the Police's enquiry into what happened continues Mr Ranger said officers are working with the bank to ensure those present received all the support they needed.
"In such situations Victim Support volunteers play a crucial role in ensuring victims are appropriately taken care of and a they are working with bank workers now as we speak."
"Though the incident had caused a great deal of interest in the town it is important to note that emergency procedures in place for such situations worked as planned and Police were able to respond in a timely manner."