A suspect who allegedly pulled out a knife inside a Bank of Hope branch in Koreatown barricaded himself inside a car parked behind the building Thursday, sparking a standoff with police.

According to the Los Angeles Police Department, officers responded Thursday afternoon to the bank in the 2700 block of West Olympic Boulevard. Police said a man entered the branch and pulled out a knife, prompting a bank employee to press a panic alarm.

The man left the bank and got into a vehicle parked behind the building, where police spotted him and established positions outside the vehicle.

The standoff was continuing late Thursday afternoon. There were no reports of any injuries.

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