UPDATE, 8:39 PM EDT: Mentor police announced on Twitter that the suspect is in custody and the three bank employees being held hostage are safe. No one was injured.

Local police in Mentor, Ohio, are reporting a standoff between authorities and a suspect who claims to have a bomb and to be holding hostages.

According to the local Cleveland Fox affiliate, an unidentified suspect is at a branch of Huntington Bank located on Mentor Ave. in the far eastern Cleveland suburb and is holding people in the bank hostage. Authorities are telling local reporter Peggy Sinkovich that businesses in the area are in the process of being evacuated.

According to the Mentor Police Twitter account, Mentor Ave. has been closed off and are advising residents to avoid the area.