Terry Dolan, the Vice Chair and Chief Administration Officer of US Bank, is believed to be the victim of a plane crash in Brooklyn Park Saturday afternoon, the company said in a statement.

“We are aware of reports that the plane that crashed in Brooklyn Park was registered to Terry Dolan, our vice chair and chief administration officer. At this time, we are unable to confirm whether he was on board, but we believe he was. Our thoughts and prayers are with him, his family and friends, and anyone who may have been affected by yesterday’s tragic incident.

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.”

A US Bank Spokesperson

Authorities on Sunday said they were not prepared to identify the victim. Official identification will come from the Hennepin County Medical Examiner’s Office.

Brooklyn Park officials say they expect the medical examiner’s report to come in two weeks.

Brooklyn Park Fire Chief Shawn Conway said at a news conference Sunday that the agency is handing off the investigation to NTSB.

Tim Sorensen, an Aviation Accident Investigator for NTSB, said the agency got to the scene Sunday morning and is currently in the process of documenting the accident site. Officials will begin recovering the plane Sunday afternoon, he added.

NTSB is investigating all aspects that could have caused the crash, including the weather, the pilot’s experience, mechanical issues, and maintenance of the aircraft.

Brooklyn Park fire officials said on Saturday that they were called to the plane crash around 12:22 p.m. They say they don’t believe anyone on the plane survived but that the homeowners are safe.

“You know, the thing is that it wasn’t until I thought back about the sequence of events when all hell broke loose that I realized how quickly everything got engulfed with fire and how close I came to not getting out of the house. It wasn’t really clear to me at the time. I mean, I was just trying to find out what’s happening in my house and see if I could find my cat. Um, and before I knew it, there were flames everywhere,” said Ken Tobacman, one of the residents in the home to ABC news.

Conway added on Sunday that there was a resident inside the home at the time of the crash, and that person was able to escape without injuries. The fire started “immediately” after the crash, he said.

Some nearby homes were also minorly damaged, Brooklyn Park officials added.

The small plane that crashed into a Brooklyn Park home Saturday afternoon took off from Florida before stopping in Des Moines, the Naples Airport (APF) said.

APF added that the owner of the plane was not a tenant at its airport.

Flight records show the plane took off from Naples Airport just before 7:30 a.m. ET. It landed in Des Moines around 11:12 a.m. CDT and was scheduled to arrive at the Anoka County Blaine Airport at 1:15 p.m. CDT.

Audio from an Anoka Air Traffic Control communication warned the pilot twice that the plane was flying too low. The plane later crashed eight miles from its destination.

West Metro, Plymouth, Osseo and Fridley fire departments provided aid. The Red Cross was also called in to assist.

Power was restored to the area around 1 a.m., Conway said. A nearby home sustained minor damage to its siding.

NTSB said it will issue a preliminary report in 10-14 days.