Police believe he stole 10,000 euros (£8,000) in Handenberg, although his biggest haul so far was 40,000 euros in July 2009, according to reports.
It is thought he carried out his first robbery in November 2008, in Weilbach, but it was not until December 2009 that he donned the mask of Mr Obama, to rob a bank in Kirchheim.
Police official Markus Mitloehner said on Friday that the man is thought to be a local since he speaks the regional dialect – with nary a trace of Obama's more professorial accent.
The Obama Robber is reminiscent of the 1991 Point Break, starring Keanu Reeves and Patrick Swayze, and directed by Kathryn Bigelow.
Reeves' character Johnny Utah investigates a series of bank robberies by a gang known as the Ex-Presidents, who disguise themselves with masks of Ronald Reagan, Richard Nixon, Lyndon B Johnson and Jimmy Carter."
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