Toronto police say one person is in custody following a string of bank robberies in Scarborough this morning.

The first incident took place at an establishment near Sheppard Avenue East and Markham Road at around 9: 42 a.m.

The second occurred about 15 minutes later at an establishment near Progress Avenue and Brimley Road. Police said the person who called 9-1-1 reported that the suspect was armed.

The third incident happened near Midland and Finch avenues at around 10:08 a.m.

One suspect has been described as five-foot-nine, wearing a black jacket and a green hoodie.

A getaway vehicle reportedly used in each of the incidents has since been found abandoned near Morningside and McNicoll avenues, police confirm.

Officers are on scene at each affected establishment. Members of the K-9 unit are also checking the area.

Three schools in the area – Thomas L. Wells Public School, Brookside Public School and Blessed Pier Giorgio Frassati Catholic School –were placed under a hold and secure order for several hours Monday because of the investigation. However the hold and secure orders were lifted at those schools at around 1 p.m.

Police confirmed Monday afternoon that one person is in custody but investigators have not yet said what charges, if any, will be laid. Officers are searching for one other suspect wanted in connection with the case.