U.S. Bank ‘Believe’ Vice Chair Terry Dolan Is Among Victims of Deadly Minnesota Plane Crash

U.S. Bank Executive Terry Dolan Among Victims of Fatal Minnesota Plane Crash

Terry Dolan, a U.S. Bank executive, is believed to be among the victims of a tragic plane crash in Minnesota that resulted in no survivors. The small aircraft registered under Dolan’s name, who serves as U.S. Bank’s vice chair and chief administration officer, took off from Des Moines International Airport in Iowa and was en route to Anoka County-Blaine Airport in Minneapolis when the incident occurred on Saturday, according to CBS News.

The plane tragically crashed into a residential home in Brooklyn Park during the flight. Brooklyn Park Fire Chief Shawn Conway stated that while it was unclear how many individuals were on board the plane, there were no survivors found within the aircraft, as reported by NBC News. U.S. Bank issued a statement expressing their belief that Dolan was on the flight, although the medical examiner’s office had not confirmed this information at the time.

The Brooklyn Park Fire Department responded to the scene at approximately 12:22 p.m. local time on Saturday after receiving reports of an aviation incident and a house engulfed in flames. Fortunately, only one occupant was home at the time of the crash, managing to evacuate safely despite the property being severely damaged by the fire, as per NBC News.

Dolan, aged 63, was known for his enthusiasm for flying and his aircraft, as shared by Tim Marx, the former CEO of Catholic Charities. Marx recalled their close collaboration during Dolan’s tenure on the board of directors for Catholic Charities Twin Cities from 2012 to 2017. Dolan had assumed the role of U.S. Bank’s Chief Administration Officer in 2023, having previously served as the Chief Financial Officer and Executive Vice President, according to his profile on the U.S. Bank website.

The National Transportation Safety Board (NTSB) identified the aircraft as a single-engine SOCATA TBM7 and is anticipated to release a preliminary report on the crash in the coming weeks. However, a definitive cause of the accident may take years to determine, noted local news outlet KARE 11.

As investigations continue, both U.S. Bank and the Brooklyn Park Fire Department have been approached for further comments on this devastating incident. The supportive messages and condolences from both the aviation and banking industries underline the profound loss felt by the community and those who knew Terry Dolan personally.

The impact of this tragic event echoes beyond the realm of banking and aviation, resonating deeply with all those affected by the loss of Terry Dolan and the other victims of the fatal Minnesota plane crash. The memories of those who perished will be cherished, and their legacies honoured as the investigation progresses to shed light on the circumstances surrounding this heartbreaking incident.