A man was remanded in custody for four days on Monday on suspicion of robbing a grocery store in the village of Yiolou in Paphos.
Police are seeking a second suspect in the case.
The two thieves took off in a car after stealing €1,500 in cash and various other items.
One of the suspects had pushed the 84-year-old owner of the shop to the ground after she went to see why the alarm went off t lunchtime. The elderly woman suffered a shock but was said to be well later in the day.
She and other residents of the village managed to have a good look of the car to provide police with a description.
Residents seized the opportunity to demand a bank in the area so that they can deposit any excess cash they may have.
Locals from various villages around Paphos have staged a number of demonstrations recently, protesting against the closure of bank branches in the countryside.
A Hellenic Bank branch in Stroumbi is open twice a week.