Geoff Vickers has previously worked at Lloyds Banking Group and Clydesdale Bank.
Bhogal previously worked for Aspen's parent company S&U PLC.
BFS have chosen Perfect Data Solutions Ltd as its open banking partner.
The loan was to acquire a partly built residential site in Cramlington near Newcastle.
The lender made 10 appointments during the summer.
It was a nine-month loan at 60% loan-to-value.
He has been promoted from head of sales.
The loan was used to extend the borrower's sale period to market properties within the development.
The lender started offering short-term loans last year.
The FCA’s Senior Managers & Certification Regime (SM&CR) comes into force on 9 December.