After many years of being dominated by clubs from San Salvador, the municipal mayor of Santa Ana district Manuel Tomás Monedero wanted a team to represent Santa Ana which would put an end to the dominance of the San Salvador clubs. With the help of Santa Ana Mayor Waldo Rey, all the clubs in Santa Ana were gathered (these Included Unión, Colegio Salesiano San José, Cosmos, RAL, Colón, Santa Lucía and Los 44) and together they decided to join forces to create a single club. The club was born on 16 February 1947. It was named Futbolistas Asociados Santanecos, or FAS for short, and Samuel Zaldaña Galdámez was named the club first president. The club colours were going to be yellow and black, however Manuel Monedero went with the more traditional colours of red and blue.
The club played the first game of its history on 26 March 1947 against the previous year's champion Libertad F.C. at the Finca Modelo (which would be their home stadium for many years). The club lost 4–1. They went on the play several games with victories over Alcranes (2–1, 6–1) and defeated the first international team Municipal of Guatemala (3–2). The club's founding players were Juan Moreno and Óscar González, Goalkeeper; Tomás Morán, Jorge Brito and Guillermo Herrera, defenders; Manuel Padilla, Lino Medina, Moisés Jovel, Antonio Pérez and Eliseo Ramos, midfielders; Víctor Castro, Tomás Angulo, Antonio Mancía, Antonio Azucena and Mario González, strikers while they were coached by Armando Chacón.
FAS first joined the first division in the 1948–1949 season (where they have been ever since). Under the club first Manager Armando Chacón they won their very first game in the first division defeating C.D. Juventud Olímpica 2–1. They recorded two more wins over C.D. Dragon and Santa Anita (3–0, 3–2 respectively) before losing their first match in the first division to Cuscatleco 3–1. While the club lost their first match at home to the defending champion Libertad F.C. 4–2. The club went on to finish 3rd in the competition behind Libertad F.C. and champion Once Municipal. After five years after being founded, FAS won their first title (1951-1952) under the guidance of Victor Manuel "Pipe" Ochoa. Despite failing to defend their title the very next season the club didn't wait long to win their second title, which happened when the club won their second title in 1953-1954 enabling Victor Manuel "Pipe" Ochoa to win his second title. After the club came close to relegation During the 1956-1957 season, the club came close to relegation, This caused the owners to hire Argentinian coach Alberto Cevasco and with the foreign players reinforcement (Omar Muraco, Javier Novello, Héctor Marinaro, Héctor Dadeiro and Miguelito Álvarez) lead the club to win their third title winning the 1958-1959 title. The following season the club won its first minor premiership but were unable to win the championship.
The club won its fourth title by winning the 1961-1962 title (under the coaching of César Viccinio), the won consecutive titles by winning the 1962 championship (FAS fifth title) this time under the coaching of Raul Miralles. At the beginning of the 1963, the club moved its headquarters to the newly built Estadio Santaneco, However tragedy occurred when goalkeeper Oscar Quiteño died despite efforts from doctors and players to revive him during a friendly match against Orion F.C.. The club wore black uniform for two years and renamed the stadium Estadio Quiteño in honour and to pay respect to the memory of the player. With the tragic death of Oscar Quiteno, fans thought the club had been placed with a curse since the club will spend the next 15 years waiting to win their sixth title and this is despite making the final series during the 1965 season and losing both the 1967-1968 and 1969 championship final to the Alianza F.C. who at the time were known as the 'orchestra Alba' as they played beautiful football with perfect harmony and skill.
C.D. FAS plays its home games at Estadio Oscar Quiteño in Santa Ana. They have played there since it was opened in 1963. The stadium is named after Oscar Quiteno, a goalkeeper of FAS who died after an accident on the soccer pitch. Previously they played at the Finca Modelo in Santa Ana between 1947 to 1962.
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