A small plane crashed into a Minnesota home Saturday, killing U.S. Bank Vice Chair Terry Dolan and turning a quiet residential area into a fiery disaster scene, though miraculously the home’s occupant escaped without injury.
Quick Takes
- A small aircraft registered to U.S. Bank Vice Chair Terry Dolan crashed into a Brooklyn Park, Minnesota home killing all on board.
- The crash occurred after departing from Des Moines International Airport, shortly before its scheduled landing at Anoka County-Blaine Airport.
- The home’s occupant miraculously escaped uninjured despite the plane causing a significant fire.
- The National Transportation Safety Board and Federal Aviation Administration are investigating the cause of the crash, with a preliminary report expected within 30 days.
High-Ranking Executive Among Victims in Residential Plane Crash
The single-engine SOCATA TBM7 aircraft that crashed in Brooklyn Park, Minnesota was registered to Terry Dolan, the 63-year-old vice chair and chief administration officer of U.S. Bank. The plane went down striking a residential home and erupting into flames. According to preliminary information from the Federal Aviation Administration, Dolan is believed to have been the only person onboard the aircraft at the time of the crash. The plane had departed from Des Moines International Airport and was approaching its destination at Anoka County-Blaine Airport when the accident occurred.
A spokesperson for U.S. Bank issued a statement addressing the tragedy, “We are aware that the plane that crashed in Brooklyn Park was registered to Terry Dolan, our vice chair and chief administration officer. 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 read. Authorities have not yet officially confirmed the identities of those killed, with the Hennepin County Medical Examiner’s office working to make positive identifications.
U.S. Bank executive Terry Dolan feared dead after Minnesota plane crash. pic.twitter.com/p4r4njT66r
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Investigation Underway as Community Mourns
The National Transportation Safety Board has taken the lead in investigating the crash, with assistance from the Federal Aviation Administration. Officials have indicated that a preliminary report on the incident should be available within 30 days, though the complete investigation could take significantly longer. Minnesota Governor Tim Walz expressed gratitude to first responders and stated that his office is monitoring the situation closely. The crash has sent shockwaves through both the banking and local communities, where Dolan was known not only for his executive leadership but also for his community involvement.
Dolan had served as U.S. Bank’s chief financial officer and executive vice president before becoming chief administration officer in 2023. His career at the financial institution spanned years of service and leadership. The bank expressed relief that no residents were injured in the crash, stating, “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.”
Homeowner’s Miraculous Escape
In what officials are describing as remarkably fortunate circumstances, the sole resident who was home at the time of the crash managed to escape without injuries. The impact caused a significant fire, engulfing portions of the residence, but emergency responders were able to arrive quickly at the scene. This aspect of the tragedy has been highlighted by both local officials and U.S. Bank representatives as a small consolation amid the otherwise devastating event that claimed the life of a prominent business leader.
The Brooklyn Park community has rallied to support both the affected homeowner and to honor the memory of Dolan. This incident serves as a stark reminder of the inherent risks in aviation and the importance of ongoing safety investigations to prevent future tragedies. The NTSB’s findings will be crucial in determining what factors contributed to this crash and what measures might be implemented to enhance small aircraft safety.
Sources:
U.S. Bank Executive Terry Dolan Feared Dead After Minnesota Plane Crash
US Bank exec presumed dead in Minnesota plane crash, believed to be only one onboard
U.S. Bank Vice Chair Terry Dolan Believed to Be Among Victims of Deadly Minnesota Plane Crash
