US Bank Executive Believed to Have Died in Minnesota Plane Crash

The plane that crashed in Minnesota on Saturday was registered to U.S. Bank vice chair Terry Dolan.

A house is ablaze after a small plane crashed into a residential area near Minneapolis on March 29, 2025, in a still from video. Mike Deyo via CNN Newsource

A U.S. Bank spokesperson said one of the bank’s executives may have been on the flight that crashed in Brooklyn Park, Minnesota, on March 29.

The single-engine Socata TBM 700 was registered to U.S. Bank Vice Chair Terry Dolan, according to bank spokesman Jeffrey Shelman.

“He was a long-time pilot,” Shelman told NTD in a March 31 email. “It was his plane, not the bank’s.”

The Federal Aviation Administration (FAA) stated on its website that it’s in the process of determining how many people were aboard the aircraft, which crashed into a house in the Minneapolis suburb at around 12:20 p.m. on Saturday. The plane was on its way to the Anoka County-Blaine Airport, about 10 miles northeast of Brooklyn Park.

At least one person is dead, according to a city official.

Dolan, 63, was also U.S. Bank’s chief administration officer. He took on the role in 2023 after serving in a variety of other roles at the bank, including chief financial officer. He was active in various charities and civic causes and had served on the board of Catholic Charities Twin Cities.

“At this time, the medical examiner’s office has not been able to confirm whether he was on board, but we believe he was,” Shelman said. “Our thoughts and prayers are with him, his family and friends, and anyone who may have been affected by yesterday’s tragic incident.”

Minneapolis-headquartered U.S. Bank is a local, national, and global bank with more than 70,000 employees and $684 billion in assets, according to its website.

Brooklyn Park spokesperson Risikat Adesaogun told The Associated Press on March 29 that the home was destroyed but that its residents were not hurt.

“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,” Shelman said.

U.S. Bank Vice Chair Terry Dolan. Courtesy of U.S. Bank

Dolan’s plane was traveling from Des Moines, Iowa, to Minnesota, according to the FAA.

Shelman said that Dolan lived in the Twin Cities, the metro area encompassing Minneapolis and St. Paul.

The National Transportation Safety Board is investigating.

The Associated Press contributed to this report.

From NTD News