PFC Montana was founded in 1921 under the name SC Hristo Mihaylov, after a merger of a few sports clubs from the city.

On 20 March 1947, YBC 45 was united with Workers Physical Culture Company Avram Stoyanov, the turist branch Pustrina and the local horse-riding and moto-organisation, under the name of Hristo Mihaylov.

The city began to form voluntary sports organizations on a departmental basis, the most famous of which is Septemvri, which from 1953 played their first three seasons in the B Group.

In this campaign, the team was led by Anatoli Tonov, Todor Pramatarov, Rumen Panayotov and Angel Chervenkov.

The club reached the final of the currently folded Bulgarian League Cup tournament, but was knocked out by Neftochimic Burgas.

Stiliyan Petrov was a key player for the team and was spotted by CSKA Sofia and sold in 1996, aged 17 years old.

Otherwise, according to the fans, Boyan Gergov is Montana's most prominent figure, being the club's top goalscorer with a total of 157 goals in 364 matches.

Montana started the new 2015–2016 season with a 0–0 draw as guest to a strong-sided Beroe, then defeating Botev Plovdiv 6–0, with Ivan Minchev scoring a hattrick.

However, Montana would later finish ninth in the "A" group and successfully defend its place in the relegation playoffs for the next season in the renamed First League.

Montana's rival is the neighbouring city club of Botev Vratsa, and both form the local Northwestern Derby.

As of 27 August 2024[update][1] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.