A post office was established in 1896 with the name Laverne and continued operating until 1908.

After 1908, mail addressed to Laverne was redirected to another post office named Speedmore (now defunct).

According to the Encyclopedia of Oklahoma History and Culture, by June 1912, Laverne had 44 businesses, including the Laverne State Bank, the Fox Hotel (NR 78002236) and the Clover Hotel (NR 84003034).

[5] According to the United States Census Bureau, the town has a total area of 0.7 square miles (1.8 km2), all land.

The Laverne economy has been supported largely on agriculture, with broomcorn, wheat and cattle as the leading products until 1920.

Laverne acquired the nickname, "the Oil Capital of Northwest Oklahoma" during a short-lived boom in production during the 1950s.

[5] The local newspaper, Laverne Leader Tribune, is published weekly.