Terry Dolan, the institution's vice chair, was the only person on the single-engine craft, which went down Saturday.

A spokesperson for U.S. Bank told PEOPLE in a statement on Monday, March 31, that they ‘believe’ their vice chair and chief administration officer Terry Dolan was on board the small plane that crashed into a home in Minnesota the day before.

US Bank believes Terry Dolan, an executive with the company, was on board the plane that departed crashed in Brooklyn Park.