Top US Bancorp Executive Killed in Minnesota Plane Crash

Terry Dolan, the Vice Chair and Chief Administration Officer of US Bancorp, was the pilot in the craft that crashed into a home yesterday, the company said

Terry Dolan, 63, Vice Chair and Chief Administration Officer of US Bancorp, is believed to have been killed in a plane crash on Saturday afternoon when the aircraft he was piloting crashed into a home in Brooklyn Park, Minnesota.

The single-engine Socata TBM 700 plummeted into the residential neighborhood around 12:30 p.m., igniting a massive fire and sending black smoke into the sky. First responders quickly evacuated the area. Authorities confirmed that there were no survivors on the aircraft, but fortunately, no one was inside the home at the time of impact.

The plane was a SOCATA TBM7, a single-engine business aircraft. It departed from Des Moines International Airport and was headed for Minneapolis

The aircraft had departed from Des Moines International Airport and was en route to Anoka County-Blaine Airport, north of Minneapolis. The National Transportation Safety Board (NTSB) stated that preliminary reports indicated only one person was aboard the plane but refrained from officially confirming identities. Investigators are examining weather conditions, pilot experience, and mechanical factors as potential causes of the crash.

Dolan had been with US Bancorp since 1998 and assumed his role as Vice Chair and CAO in 2023. He was responsible for corporate strategy, marketing, analytics, corporate social responsibility, digital growth, public affairs, communications, and transformation. His leadership played a key role in the bank’s digital transformation and community investment efforts.

The plane burst into a ball of flames after crashing into a Minnesota home on Saturday, prompting an evacuation

Beyond his corporate achievements, Dolan was deeply involved in philanthropy. He served on the board of the Killebrew Thompson Memorial and contributed to organizations such as Catholic Charities, the Minnesota Opera, Artspace, The Minneapolis Foundation, and the College of Saint Benedict and Saint John's University. His charitable work spanned affordable housing, economic development, and arts and education.

US Bancorp acknowledged the incident in a statement, confirming that the aircraft was registered to Dolan. "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 statement read. "Our thoughts and prayers are with him, his family and friends, and anyone affected by this tragic incident. We are grateful that there were no injuries to residents of the impacted home, and we thank all the first responders for their service."

Terry and Susan Dolan are seen far right, together with their daughters Jane Elizabeth Weiland and Hannah Lucille Schilling and their husbands

The crash is part of a series of recent aviation accidents in the U.S. Earlier this year, an American Airlines flight and a Blackhawk helicopter collided near Reagan National Airport in Washington, D.C., killing 67 people, including young ice skaters. Another incident near the same airport involved a close call between a US Air Force jet and a Delta flight with 137 passengers on board.

In Pennsylvania, five people were hospitalized earlier this month when a plane crash-landed in a retirement home parking lot. The aircraft, which had taken off as scheduled, attempted to return after its door unexpectedly opened mid-flight. Air traffic control audio revealed the pilot struggling to hear radio instructions due to wind noise from the unlocked hatch before the crash occurred.

The NTSB continues its investigation into the Brooklyn Park crash as authorities work to determine the precise cause of the tragedy.