[Updated at 12:06 p.m. ET] A hostage-taking incident in the French city of Toulouse has ended with shots fired, the gunman wounded and the last two remaining hostages freed, police union spokesman Christophe Crepin said Wednesday.

The gunman, who said he was with al Qaeda, took four people hostage at a bank five hours earlier, police said.

He released one of them, a woman, after about three hours, Crepin said, and a second hostage was released about an hour after that

[Posted at 6:15 a.m. ET] A man was holding four people hostage Wednesday in a bank in the southern French city of Toulouse, authorities said.

The incident occurred at the CIC bank.

The man fired one shot, and police are at the scene, police said.