A top banker was killed in a plane crash in Brooklyn Park, Minnesota, on Saturday afternoon.

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 on Sunday. 

The single-engine aircraft plummeted from the sky in a quiet residential neighborhood of Brooklyn Park around 12:30pm.

The entire home erupted into flames, leaving billows of black smoke rising in the air, causing first responders to evacuate the area.

There were no survivors on the plane, the fire chief said at a press conference. Luckily, no one was inside the home at the time of the crash. 

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

According to the bank’s website, Dolan was vice chair and chief administration officer (CAO) of U.S. Bancorp – and he became CAO in 2023.

‘His role includes oversight of corporate strategy, marketing, analytics, corporate social responsibility, digital capabilities and growth, public affairs and communications, and transformation,’ his biography said. 

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

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

It continued: ‘Dolan previously served as vice chair, chief financial officer, as well as vice chair of Wealth Management and Investment Services, executive vice president and controller. 

‘He has been a leader in the bank’s focus on driving growth and digital transformation, and reinforcing its strong financial position, with returns on assets and equity among the highest in the industry. 

‘He has also been a leader in its community development work and investments in affordable housing, economic development and renewable energy tax credit financing.’

Dolan was also known for his charity and community work – including helping the homeless, investing in arts and culture, and elevating higher education.

The banker served on the boards of directors for Catholic Charities, the Minnesota Opera, Artspace, The Minneapolis Foundation, the College of Saint Benedict and Saint John’s University. 

He was also serving as chair for the Killebrew Thompson Memorial board of directors.

Dolan held a bachelor’s degree from the University of St. Thomas.

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

The house appeared to burn down to the studs within a matter of minutes 

Several planes have been involved in fiery collisions since the first of the year. 

The most deadly this year was when an American Airlines flight and a Blackhawk collided nearly Reagan National Airport in Washington DC, killing 67, including many young ice skaters.  

Near the same airport, a US Air Force jet nearly collided with a Delta airplane this week. 

The flight, with 137 people on board, had just departed for Minneapolis-St. Paul, Minnesota, when it suddenly received an emergency notification of a nearby aircraft.

Alarms went off inside the cockpit of the passenger flight just minutes after taking off, due to how close the T-38 jet came to the plane.

The close call happened just south of the airport and close to the spot where an American Airlines jet collided with an army helicopter in January. 

According to tracking data from FlightRadar 24, the Air Force jet flew past the Delta plane in excess of 350 miles per hour.

The FAA said the military jet was in the area alongside three others for a flyover at Arlington National Cemetery.

Five people were rushed to the hospital earlier this month after a plane crash-landed in a retirement home parking lot in Pennsylvania. 

The plane took off as scheduled, but quickly requested to land back on the tarmac because its door had opened.

Horrifying air traffic control audio revealed the pilot telling ground agents that they needed to turn around – but at one point he said that he couldn’t hear the radio because of all the wind noise, caused by the unlocked hatch.

The air traffic controller can be heard saying: ‘Pull up… the aircraft is down just behind the terminal in the parking lot tree area.’