Paul K Herringshaw Biography

March 5 1937 – MAY 3, 2012

Born in Cleveland, Ohio, Paul was the son of the late Waldo Whitford Herringshaw and Helen Keeley Herringshaw. Paul’s great grandfather established Herringshaw Hardware in 1875 and it was in operation for three generations.

Paul began his education at Shaker Heights High School and later attended the University of Virginia. Paul married Ruby Troutman in 1977. Paul and Ruby were married for 35 years. In May 2011 Paul and Ruby went to his 55th high school reunion, a two day celebration in grand style . He was amazed at how his classmates had aged–but not himself!

Paul started work at Centralina Council of Government in the early 80s. In October 1981 Paul assembled a steering committee made up of business/civic leaders in the region for the purpose of forming an SBA Certified Development Company, with the focus on providing the SBA 504 loan program to small business entrepreneurs in the region. At the 1st meeting in late October 1981, Paul presented the specific plan to the steering committee in which he laid out the process and the specific requirements to create the development company. Paul’s presentation was met with great enthusiasm and in January 1982 Centralina Development Corp. was incorporated in NC. Paul served as Executive Director and President of Centralina Development Corporation for twenty five years until his retirement in Dec 2000. The CDC under Paul’s leadership funded loans to over 300 small businesses in the region, which financed real estate and fixed assets used in the business operations. In addition, SBA awarded the CDC numerous awards for its leadership in small business lending.

The rapport Paul developed with various board members and business associates was very rewarding for him. He particularly enjoyed playing golf with them at Hilton Head or in the mountains. Many times he was advised to keep his day job and to keep practicing golf.

Paul loved to travel. One of Paul and Ruby’s favorite trips was to commemorate the Centennial of the Lewis and Clark Expedition (Corps of Discovery). He spent a great deal of time in researching and mapping out every trail. Their trip began in St Louis, Missouri and ended in Fort Clopsop, Oregon. The trip encompassed 11,000 miles. They paid homage to the members of the expedition along the way, including a side trip to Little Big Horn Battlefield and General Armstrong Custer’s grave.

Paul Herringshaw was an incredibly hard working man. He loved his job and found joy when loans were approved and the businesses were successful. He wanted the S.B.A. program to be a success and loved to talk about it to lots of people, anywhere he went. He was a big man with a big heart and a love of humor and talking with people. He did not know a stranger and kept a positive attitude until his death.


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The Lincoln County Rotary Student Loan Fund is a nonprofit 501(c)(3) organization
Nonprofit tax ID # is 56-2071604
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Lincolnton, North Carolina 28093-0682
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