Herbert L. Peterson (May 16, 1876 - February 9, 1952) was an American banker, businessman and politician.

After being educated in the public school system, he took a job as a delivery boy and clerk in a general store where he acquired the training which later enabled him to become a senior partner in Peterson & Hoslett, a general store in the community of Sawyer which he partly owned for several years while continuing to live on a farm until 1917.

He was also the treasurer of the Universal Shipbuilding Company and president of the Sturgeon Bay Stone Quarry.

[citation needed] In later years, he owned and operated a tourist resort, and an apple and cherry orchard.

He died February 9, 1952, after a long illness, survived by his wife and four children.