Terry Dolan, the Chief Administration Officer for Fortune 500 banking giant U.S. Bank, is believed to be among the dead in plane crash that happened in Brooklyn Park, Minnesota, over the weekend.
A spokesperson for Minneapolis-based U.S. Bank told the media they are unable to confirm if Dolan was on board the plane that crashed, but “believe he was.”
U.S. Bank executive Terry Dolan is believed to be the only person on board the plane that crashed into a house in Brooklyn Park on Saturday. https://t.co/5u8gkJf8gs
— FOX 9 (@FOX9) March 31, 2025
The crash occurred at around 12:20 p.m. CT Saturday, the Federal Aviation Administration (FAA) reported. The agency says preliminary information indicates only one person was on board at the time of the crash.
The plane, a Socata TBM 700, had departed Des Moines International Airport in Iowa and was bound for Anoka County-Blaine Airport when the crash occurred, the FAA said.
An official for the National Transportation Safety Board added that the plane’s complete itinerary is still under investigation.
“Our thoughts and prayers are with him, his family and friends, and anyone who may have been affected by yesterday’s tragic incident,” the spokesperson said.
“We are grateful that there were not any injuries to residents of the home that was impacted by the crash, and we thank all the first responders who have provided service.”
Dolan, who also serves as vice chair, became the chief administration officer for U.S. Bank in 2023, according to his biography on the company’s website.
The U.S. Bank website says Dolan also served on the boards for the Minnesota Opera, Artspace, The Minneapolis Foundation and the College of Saint Benedict and Saint John’s University over the years.
Investigators with the NTSB and FAA arrived on the scene of the crash on Sunday.
Brooklyn Park Fire Chief Shawn Conway said during a news conference on Sunday that one person had been inside the home when the plane crashed into it. They were not injured and were able to evacuate safely.
The NTSB has a team of investigators on scene who are processing and documenting the aircraft.
Officials recovered the plane Sunday afternoon and took it to a secure location for further investigation.
“We’re taking a look into other aspects as the investigation proceeds — all other aspects that may have affected the operations, such as the weather, such as the background experience of the pilot, the status of the aircraft, maintenance on the aircraft — all of those will be taken into account as the investigation proceeds,” NTSB aviation accident investigator Tim Sorensen said.
Sorensen added that a preliminary report will be issued on the crash within the next two weeks.