*UPDATE* 11/18/17 5:18 p.m. According to Portland Police, despite earlier reports, there has not been an arrest made in connection with Friday afternoon's bank robbery. An investigation is ongoing.

*UPDATE* 11/18/17 10:56am- Portland Police say an arrest has been made in connection with the bank robbery, but officers are still actively searching for other people who may have been involved. An investigation in ongoing.

*UPDATE* 11/17 10:15 p.m. – Police are searching for a man believed to have robbed Key Bank on Auburn Street.

In an update released late Friday night, police confirmed the bank had been robbed shortly after 2 p.m. by a suspect described as a white male armed with a black semi-automatic handgun.

Police said the suspect entered the bank and threatened employees and customers while demanding cash. That person fled with an undisclosed amount of cash and ran southeast from the Northgate Shopping Center toward Brook Road and was not seen again. No one was hurt during the robbery, they said.

Later, Portland PD's investigation led them to East Deering in the area of Ocean Avenue where a search was conducted.

The FBI is assisting in the investigation.

The suspect is described as wearing a blue hooded sweatshirt, sunglasses and a black, long-haired wig with a thin appearance and a deep voice.

Anyone with information is asked to call Portland Police at 207-874-8575.

PORTLAND, Maine (NEWS CENTER) — Police in Portland are searching for a suspect near the city's East Deering neighborhood.

A small portion of Ocean Avenue is closed near the intersection of Presumpscot Street.

Police initially called the situation an "open investigation," then said they were searching for a suspect at a house between Moody's Collision Center and Linda Kate Lobster & Seafood Company. No further details were provided on scene.

There were at least seven cruisers on scene shortly before 6 p.m.

This is a developing story.