PARIS - The man with a handgun has released the remaining two hostages and surrendered to the police, none was hurt during the incident, the police on the spot said on Friday.

The incident took place around 4:50 p.m. local time (1450 GMT) at the branch of CIC bank in Paris's 13th district. The man, holding a handgun, took four people in the bank hostage and was demanding social housing for himself and his son.

During the incident which lasted for more than two hours, the suspect first released two hostages, and then a third, before eventually surrendering to the police. No one was injured.

The bank was surrounded by the police vehicles, and nearby a street was blocked.