UPDATE: Name of man killed in Monday night crash in Panama City Beach released

PANAMA CITY BEACH, Fla. (WJHG/WECP) - UPDATE: July 26, 2016 4 p.m.
The Florida Highway Patrol has released the name of the person killed in a crash Monday night that claimed the life of one person and left another in the hospital.

Troopers say John Palmer Emmett, 37, of Panama City Beach, died at a local hospital. A passenger in the SUV Emmett was driving, Ashlyn Katrine Holt, 33, of Panama City Beach, was also taken to the hospital, but is expected to survive.

Investigators say Emmett was driving down Magnolia Beach Road about 10:40 p.m. Monday when his 2003 GMC Envoy left the road, turned counter-clockwise and hit a utility pole. Emmett, who wasn't wearing a seatbelt, was thrown from the SUV. Holt was wearing a seatbelt at the time of the crash according to the FHP report.

Troopers say speed played a factor in the wreck.

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UPDATE: July 26, 2016 4 a.m.
Magnolia Beach Rd. is now partially re-opened Tuesday morning after a fatal traffic crash.

Traffic can now move in both directions into and out of the Bay Point neighborhood.

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ORIGINAL STORY: July 26, 2016 12am
Florida Highway Patrol confirmed to NewsChannel 7 at least one person was killed in a single-car crash on Magnolia Beach Rd. and Thomas Dr. around 10:40 p.m. Monday.

Magnolia Beach Rd. into and out of the Bay Point neighborhood remains blocked. FHP crews told us they're trying to find a way to divert traffic so people can move in and out of the neighborhood.

Traffic Homicide Investigators are assessing the crash.

We'll keep you updated on this webpage as we receive more information.