U.S. Bank Executive Terry Dolan Feared Dead After Minnesota Plane Crash

U.S. Bank vice chair Terry Dolan is believed to have been aboard a plane that crashed into a Brooklyn Park, Minnesota, home on March 29 that left no survivors.

By Desiree Anello Mar 31, 2025 4:27 PM
| Updated Mar 31, 2025 7:55 PM
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Watch: U.S. Bank Executive Terry Dolan Feared Dead After Minnesota Plane Crash

A Minnesota plane crash has presumably ended in a terrible tragedy.

U.S. Bank vice chair Terry Dolan is believed, per NBC News, to have been on a small plane that crashed into a home in Brooklyn Park, Minnesota, March 29. That same day, Brooklyn Park Fire Chief Shawn Conway confirmed at a news conference that there were no survivors, adding that it wasn’t clear how many people how many people were aboard the plane.

The single-engine aircraft—which the Office of the Minnesota Secretary of State business records, per NBC News, confirmed was registered to one of Dolan’s businesses—crashed into the two-person home and subsequently caused a fire. Only one resident was home at the time, and according to Conway, was able to exit safely.

While it is unknown what caused the SOCATA TBM7 to crash, the National Transportation Safety Board is leading an investigation into the crash with aid from the Federal Aviation Administration, the FAA said in a statement.

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Meanwhile, Hennepin County Medical Examiner’s office shared that they have been working on identifying all the passengers who were aboard the plane. However, amid the continued investigation, Dolan’s company indicated he was among those killed in the crash.

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

The Federal Aviation Administration has since reported, per CBS News, that preliminary information may indicate that there was only one person on board at the time of the crash.

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Among those who were shocked to hear the news included former CEO of Catholic Charities Tim Marx, who, according to CBS News, worked closely with Dolan during the five years he spent on the board of directors for Catholic Charities Twin Cities.

"[The news] just really hit me hard," Marx said. "It was a real sad shock."

And in reminiscing on the times they spent together, he recalled that Dolan would often talk about “his passion for flying and his plane,” which he noted was almost as great as his passion for helping others.

"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," he added. "Wonderful heart, his deep soul and his very creative and brilliant mind.”

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