Officials of U.S. Bank said Monday they believe one of their executives was on the small plane that crashed in a Minneapolis suburb over the weekend.
The plane was registered to vice chair and chief administration officer Terry Dolan, a spokesperson for the Minnesota-based bank told the Daily News.
“At this time, the medical examiner’s office has not been able to confirm whether he was on board, but we believe he was,” the spokesperson said in an emailed statement. “Our thoughts and prayers are with him, his family and friends, and anyone who may have been affected by yesterday’s tragic incident. 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.”
The SOCATA TBM 700 single-engine plane plummeted into a home in Brooklyn Park, Minnesota, at about 12:20 p.m. Saturday, the Brooklyn Park Fire Department said. It had taken off from Des Moines International Airport in Iowa and was headed for Anoka County-Blaine Airport in Minneapolis, according to the Federal Aviation Administration.
The home was engulfed in flames. One of two residents was inside but was able to escape, the Brooklyn Park Fire Department said in a statement Sunday.
The National Transportation Safety Board (NTSB) was moving the plane “to a secure location for further examination,” the fire department said, adding that a report would be forthcoming in about two weeks, though that would be too early to determine a cause.
Dolan, U.S. Bank’s chief administration officer since 2023, worked on corporate strategy oversight, social responsibility, marketing, analytics and “transformation,” according to his profile on the company website. “He has also been a leader in its community development work and investments in affordable housing, economic development and renewable energy tax credit financing.”
He was also heavily involved in community organizations that helped the homeless and promoted arts, culture and higher education. He served on several boards, including a 2021-17 stint at Catholic Charities Twin Cities.
“It was a real sad shock,” Catholic Charities former CEO Tim Marx, who recruited Dolan for the role, told CBS News. “He was a perfect fit, enthusiastic and taught us so much and did so much for the organization, as he did for many throughout the community.”
