On July 17, 2001, the team was bought by some business men and they decided to changed the name to Atletico Olanchano.
The club played in the top league for the first time as Campamento in the 1976/77 season. They were relegated the same year after finishing in last place.
The club returned as Atlético Olanchano when it was promoted to Liga Nacional de Futbol de Honduras for the first time in the 2003-04 season but were relegated back down to Liga de Ascenso de Honduras after they finished in last place in the 2004-05 season. The team was coached by Oswaldo Altamirano at that time. They were promoted back to Primera Division when they defeated Deportivo Lenca and became champions of Liga de Ascenso for the second time during the 2005-06 season. Unfortunately, the team was relegated for the second time on May 3, 2008 when they lost a match to Hispano on the last day of the regular season.
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