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(VALPARAISO, Ind.) — Police and FBI agents are in a “standoff situation” with a gunman who stormed an Indiana office building and is holding an unknown number of office workers hostage, according to police.

“We’re basically in a standoff situation,” Sgt. Mike Grennes of the Valparaiso police department said at a press conference. “From what I understand, he is not an employee.”

The gunman, whose identity is known to police, remains in the building with the hostages.

Grennes could not confirm that shots had been fired, but said that he did not know of any injuries in the building. Authorities believe the incident could be the result of a financial dispute, he said.

Police received a 911 call around 11 a.m. from someone inside the Prudential Building that a gunman had entered the office, Grennes said. Police arrived and confirmed that an individual was inside with a gun.

Police were successful in getting some people out of the building, but they did not know the number of people left inside as the situation dragged on into the early afternoon hours.

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