BHG Financial

BHG Financial
FormerlyBankers Healthcare Group
TypePrivately held company
IndustryFinancial services
Founded2001; 25 years ago (2001)
FoundersAlbert Crawford, Eric Castro, and Bobby Castro
Headquarters
Davie, Florida
,
United States
Area served
United States
Key people
Albert Crawford (CEO & Chairman of the Board), Harold Carpenter (CFO, Pinnacle Bank), Jim Crawford (EVP)
Websitebhgfinancial.com

BHG Financial (formerly Bankers Healthcare Group) is an American company headquartered in Fort Lauderdale, Florida and Syracuse, New York.[1][2][3] BHG was founded in 2001 and initially provided loans to medical professionals before expanding its services to other licensed professionals.[4] BHG Financial is partially owned by Pinnacle Bank, a subsidiary of Pinnacle Financial Partners.[5]

History

BHG Financial was co-founded by Al Crawford, Eric Castro, and Bobby Castro, as Bankers Healthcare Group in Davie, Florida with an initial capital of $25,000.[6] Al Crawford is the CEO and chairman. Crawford started his career at the New York Futures Exchange (NYFE) in 1984 and later joined an investment banking firm specializing in securitizations.[7]

BHG Financial originally started out lending to professionals in the medical industry. The company's first customer was a doctor who needed $100,000 in working capital after purchasing a second practice.[8]

In February 2015, Pinnacle Bank, a subsidiary of Pinnacle Financial Partners, an American commercial banking firm headquartered in Nashville, Tennessee, acquired a 30% stake in the company for $75 million,[9] and in 2016, they acquired an additional 19% for $114 million.[10]

By 2018, BHG Financial's revenue grew to approximately $216 million.[11] The company expanded into small business lending with a new license to offer SBA loans in 2018.[12]

It was announced in August 2019 that Dan McSherry would lead the company's corporate finance and investor relations as chief financial officer (CFO) at the Syracuse headquarters, replacing Ed Durant.[13] McSherry initially joined the company in 2013 and previously held roles at Lockheed Martin Corp., UBS Financial, and Charles Schwab Corporation.[11]

The company reported that it has originated more than $17 billion in loans. In 2020, the company expanded into the Asset-Backed Securities (ABS) market and completed six transactions.[14] Since then, it has completed 11 transactions.[15]

In 2022, BHG Financial moved its headquarters to The Main Las Olas office on Las Olas Boulevard in Fort Lauderdale, Florida.[16]

In 2024, the company appointed Tyler Crawford as its first President.[17]

In August 2025, BHG Financial completed a $500 million ABS transaction, the largest ABS transaction for the company to date.

Recognition

BHG Financial has been named by Fortune magazine as a Great Place to Work consecutively since 2016, ranking as a top company in the magazine's Best Workplaces Lists for millennials, women, financial services, and medium-sized companies.[18][19][20]

In 2020, it was listed by Airzent and Best Companies Group as one of the country's best financial technology companies to work for.[21] In February 2022, the South Florida Business Journal also named BHG Financial to its Best Places to Work list.[17] BHG Financial received a Cigna Gold Healthy Workforce Designation in 2024.[22]

References

  1. ^ "Fintech expands in Fort Lauderdale, plans to employ 100". bizjournals.
  2. ^ "Case activity for Bankers Healthcare Group, LLC vs Michael Senteno on July 31". Southeast Texas Record.
  3. ^ [email protected], Rick Moriarty | (2019-10-11). "See what Bankers Healthcare Group's new HQ near Syracuse Inner Harbor will look like". syracuse. Retrieved 2025-10-26.
  4. ^ "BHG securitizes a pure consumer loan pool—its first—raising $273.3 million". Asset Securitization Report. 2024-03-04.
  5. ^ "Pinnacle Buys Bigger Stake in Bankers Healthcare Group". American Banker. 2016-01-20. Retrieved 2025-10-26.
  6. ^ [email protected], Stan Linhorst | (2016-06-21). "Al Crawford on leadership: Build a cohesive team, create clarity, communicate it clearly". syracuse. Retrieved 2025-10-26.
  7. ^ "How Albert Crawford and his partners delegate to a new leadership to grow Banker's Healthcare Group". SBN.
  8. ^ Staff, SFBW (2020-04-06). "Growth milestones keep falling for Bankers Healthcare Group". S. Florida Business & Wealth. Retrieved 2025-10-26.
  9. ^ Lincoff, Nina (February 19, 2015). "Majority interest of Davie healthcare group acquired by Nashville company for $75M". Biz Journals.
  10. ^ Minaya, Ezequiel (January 19, 2016). "Pinnacle Financial to Raise Stake in Bankers Healthcare Group to 49%". The Wall Street Journal.
  11. ^ a b "Bankers Healthcare Group names McSherry CFO, replacing Durant – Central New York Business Journal". 2019-08-20. Retrieved 2025-10-26.
  12. ^ Staff, deBanked. "Bankers Healthcare Group Expands Beyond Healthcare". deBanked. Retrieved 2025-10-26.
  13. ^ "Bankers Healthcare Group names McSherry CFO, replacing Durant – Central New York Business Journal". 2019-08-20. Retrieved 2025-07-19.
  14. ^ "BHG 2023-B sells $269.2 million in notes secured by consumer and commercial loans". Asset Securitization Report. 2023-11-14.
  15. ^ System, Startup Eco (2025-08-18). "BHG Financial Closes Largest ABS Transaction of $500 Million". Startup Ecosystem Canada. Retrieved 2025-10-26.
  16. ^ "Fintech expands in Fort Lauderdale, plans to employ 100". South Florida Business Journal. 2022-07-22. Retrieved 2025-10-26.
  17. ^ a b Bojnansky, Erik (March 6, 2024). "BHG Financial names new president". Biz Journals.
  18. ^ Work, Great Place To. "BHG Financial". Great Place To Work®. Retrieved 2025-10-26.
  19. ^ VanderMey, Anne. "40 Best Companies in Financial Services". Fortune. Retrieved 2025-10-26.
  20. ^ "Best Small and Medium Workplaces in Financial Services and Insurance". Fortune. Retrieved 2025-10-26.
  21. ^ Moriarty, Rick (2020-02-19). "Bankers Healthcare Group named a top financial technology company to work for". syracuse. Retrieved 2025-07-19.
  22. ^ "Healthy Workforce Designation - 2024". lustrous-ganache-a06505.netlify.app. Retrieved 2025-10-26.

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