[2] In May 1685, the Crown hetman and Kraków Voivode Feliks Kazimierz Potocki purchased land along the Bug River.

'New Garden', Polish: Nowy Dwór) and named it "Krystynopol" after his wife Krystyna Lubomirska (the suffix "-pol" derives from Greek "polis"[3]).

His grandson Franciszek Salezy Potocki built a palace and in 1763 founded a monastery of Basilians (barocco church of Saint George; prior to 1946 – a place of miracles with wondrous icon of the Mother of God).

[7][8] Before being abolished, Chervonohrad Municipality also included the city of Sosnivka (until 2019) and the urban type settlement of Hirnyk.

In August 2023, Ukrainian Institute of National Memory decided that the name of the city did not meet the law "On the Condemnation and Prohibition of Propaganda of Russian Imperial Policy in Ukraine and the Decolonization of Toponymy", meaning that Chervonohrad will be renamed.

[9] On 20 March 2024, the Committee of the Verkhovna Rada on issues of organization of state power, local self-government, regional development and urban planning decided to propose the name Sheptytskyi,[10] in the name of Andrey Sheptytsky, a metropolitan archbishop who taught in the local monastery.

The Jewish surname and rabbinical family Kristinopoler / Kristianpoller stem from the city's former name, Krystynopol.