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Published January 08, 2013, 03:20 PM

Update: A suspect is in custody in connection with bank robbery of Cornerstone Bank

A suspect is in custody in connection with this afternoon's armed bank robbery of Cornerstone Bank in South Fargo

A suspect is in custody in connection with this afternoon's armed bank robbery of Cornerstone Bank in South Fargo

FARGO – Police are investigating a reported armed robbery at about 1:45 p.m. at Cornerstone Bank at 2627 S. University Drive.

The suspect displayed a handgun, and police were searching for a vehicle that reportedly fled the scene, according to dispatch radio traffic.

Authorities describe the vehicle as a two-door, red hatchback with scrapes and dings and black pinstripes on the fender and rocker-panel areas.

Police have cordoned off the bank with yellow caution tape as the investigation continues.

Check back for updates.

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