UPDATE (11:10 a.m. ET): The Jacksonville Police are reporting that the suspect has surrendered and they have successfully recovered the hostages.
A robbery suspect is currently holding 11 hostages at the Community First Credit Union in Jacksonville, Fla. A SWAT team has arrived at the location and the Jacksonville Police are in the midst of police negotiations.
A witness reported to have heard at least one gunshot, according to police.
This post will be updated.