and last across from Live Oak Park on Shattuck within easy walking distance of Indian Rock.

Sæther was born in Odal, a traditional district in the county of Hedmark in eastern Norway, on the farm Nordstun Nedre Sæther (Sør-Odal). His parents were Peder Larsen and Mari Kristoffersdatter. Sæther was a fisherman before emigrating to New York City in about 1832. He entered the banking house of Drexel & Co. in Philadelphia and remained there until 1850.

In 1850, he and his business partner, Edward W. Church, moved to San Francisco and established the banking firm Sather and Church. Upon his death, the Sather and Church banking firm was absorbed by the Bank of California. Peder Sather was a trustee of the College of California, which would later become UC Berkeley.

His first wife Sarah Thompson was born in 1808 in Connecticut and died in 1881. They had 4 children: Caroline E. Sather, born about 1838, Josephine Frederikke Sather (married Bruguière), born about 1843, died when the White Star Line passenger liner RMS Arabic was torpedoed on August 19, 1915. Mary Emma Sather, born about 1845 and Peder B. Sather, born about 1846. Peder Sather was the maternal grandfather of photographer, Francis Bruguière.

Peder Sather married secondly, in 1882, the widow Jane Krohm Read. She was born 1824 in New York state and died 1911 in California. After her husband's death, she donated money for the construction of a gate and belltower, both of which are named in their honor. She also created an endowment for the Sather Professorship of Classical Literature.