Russ Lam, CPA   
                                                                                                                            

The diversity of Russ' experience allows him to bring a unique perspective, while his experience as an independent and objective audit professional is directly relevant to board and audit committee fiduciary responsibilities.  Russ has over thirty (30) years experience in accounting and financial management; over twenty-six (26) years in public accounting, and four (4) years as a CFO.  He is licensed to practice public accountancy in Texas and New Mexico.

Russ serves as a director and Treasurer at Lubbock Meals on Wheels and chair of the finance/audit committee, on the advisory board for the Texas Tech University School of Banking (and serves as an instructor for bank accounting and auditing Year 1 and 2 courses), and has been a multi-year sponsor for both of these organizations.  Russ has also served on the steering committee for the TSCPA's annual financial institutions seminar, and has served on the TSCPA's Professional Standards Committee, including subcommittees for Accounting Standards, Attestation Standards (Chair), and PCAOB Standards.  Russ served on the Board, Finance Committee, and Annual Duck Race Committee (Corporate Sponsorship Chair) for Maverick Boys & Girls Club of Amarillo, participated in the Leadership Lubbock program and is a member of the AICPA, TSCPA, and NMSCPA.

Russ was the sole stockholder, managing partner, and Accounting & Auditing Managing Partner (“AAMP”) responsible for Lam & Company's (and predecessor firm Lam Vinson & Company) Quality Control Program (“QCP”) and compliance with professional standards for accounting & attest services.  Russ built a professional attest practice that was uniquely organized to benefit clients and included:

• integrated financial statement, internal control (in accordance with Federal Deposit Insurance Corporation Improvement Act (“FDICIA”) requirements), and HUD audits of a $2.5+ billion bank holding company with branches in Texas and New Mexico, financial statement audits for multiple other banks and credit unions, directors exams, and other services to banks and credit unions, including outsourced internal audit (he also operated an outsourced regulatory compliance firm for several years);
• Sarbanes-Oxley (“SOX”) compliance, management testing, and advisory services for three (3) associations in the Farm Credit System (he headed SOX implementation for two associations and performed compliance, management testing, and advisory services for another, he also assisted two large public companies in the oil & gas service industry with SOX implementation and subsequent management testing at one);
• audits of combined groups of companies, one with oil & gas pipeline construction, roustabout, earthmoving, trucking, & energy field inspection services and multiple corporations and LLCs and another with nationwide franchising and distribution (also in Canada and suppliers in China and Greece), a multi-state franchisor and distributor, a limited liability company that manages oil & gas producing affiliates and issues significant public debt to support these activities, churches and related schools and foundations (and other foundations), and employee benefit plans;
• Various other services to a number of other clients, including accounting & advisory services for several not-for-profits.

Lam & Company was merged into Carr, Riggs & Ingram, CPAs and Advisors, on July 1, 2019 and Russ became an audit partner in the Lubbock office. CRI is a Top 25 public accounting firm in the U.S. and a member of PrimeGlobal, a worldwide association of independent accounting firms and business advisors. CRI has a large financial institutions practice serving over 175 financial institutions with attest, internal audit, regulatory compliance, loan review, and FFIEC IT audit services. CRI also has substantial practices in captive insurance, construction, governments, healthcare, insurance, manufacturing & distribution, nonprofits, and other industries. CRI also operates a portfolio of companies offering a suite of professional service solutions ( https://www.cricpa.com/portfolios/ ). Russ continues his practice with CRI today.

Russ also has extensive experience with outsourced bank regulatory compliance and loan review and the convenience and healthcare industries.  Russ was CFO of a wholesale distribution company supplying the convenience industry for about 4 years, CFO of a rural healthcare system, and audited the large healthcare systems in Lubbock and Amarillo.

A Texas Tech University Summa Cum Laude graduate with a BBA in Accounting, Russ was also the Highest Ranking Graduate in the College of Business in May 1988, and a Distinguished Accounting Senior, among other achievements.  He started his accounting career with an international accounting firm, rising quickly to the manager level and developed audit experience with SEC, private, not-for-profit, and governmental clients in financial services, health care, charitable, manufacturing, employee benefits, and other industries.  In this international firm's operating offices, Russ served as Quality Client Service Representative, Audit Technology Coordinator, Audit Training Coordinator, and scheduled the audit department professional assignments. Russ was also selected for a 23-month rotation in this international firm's New York Executive Office in the Audit Research & Technology Group.

After a National firm acquired the international firm's office where Russ worked, he continued as an audit manager with that firm for a year.  Then he spent eight months as CFO of a not-for-profit rural hospital with six clinics, multi-location home health agency, and hospice program and almost four years as CFO of a wholesale distribution company primarily serving the retail convenience industry with approximately $90 million in sales annually, 125 employees, a 60 vehicle fleet, and a service area spanning western Texas, eastern New Mexico, and the panhandles of Oklahoma and Kansas.  Private sector experience provided managerial, financial, personnel (including ESOP and self-insured medical, dental and non-subscriber occupational injury benefit plans), information system, fleet, and accounting challenges.

Approximately sixteen (16) years ago, Russ returned to public accounting/auditing and started Lam Vinson & Company, LLP, with Jeff Vinson in November 2003.  Effective July 1, 2013, LV&C merged its tax practice with another local firm providing tax, valuation, and financial services and formed Lam & Company (LCPC) as an independent, audit-focused firm.  Russ was the President and sole stockholder in LCPC.  LCPC was a member of the Lubbock Chamber of Commerce and a Better Business Bureau A+ Accredited Business.

Russ grew up in Plainview, Texas, and, except for two years in the international firm's New York Executive Office, has lived and practiced in West Texas his entire life.  Russ has been married to Vickie for almost 40 years and has two daughters, two granddaughters, and a grandson.