From 1996 to 2007, the club did not field a team due to a merger with SpVgg Fürth, but has since returned to competitive football as a separate side.

TSV is best known for its 1–0 victory over FC Bayern Munich in the opening round of the 1994–95 DFB-Pokal, which eliminated that club from cup play just three months after they had claimed the Bundesliga title.

Formed on 1 February 1974 in the small village of Vestenbergsgreuth, the club entered the local C-Klasse Bamberg Gruppe 3 (VIII), then the lowest division in the region.

[1] Greuth was an immediate success in the league, winning it unbeaten and earning the right to play against FC Wacker Trailsdorf for promotion, a game which was won 2–1 in front of 2,000 spectators.

At the beginning of the next season, the club opened its current ground on 1 August 1976 with a friendly against SpVgg Fürth, which ended in a 1–1 draw.

In an unusual friendly, the club played a football match against the ice hockey team of CSKA Moscow and lost 1–2.

[6] The Landesliga proved more difficult than the Bezirksliga and the club ended up on ninth rank in midfield, on level points, a new situation for the team.

[8] Greuth started to become a fixture in the mid- to lower-table ranks of the Landesliga, even having to survive a relegation match against ASV Herzogenaurach (5–3 after penalties for TSV) in 1984, until in 1984–85, some progress could be made with a fourth spot.

The next season, the team improved by a spot and also won the local Middle Franconian Cup (German: Mittelfranken Pokal) with a 1–0 victory over 1.

Through this, the club qualified for the German amateur football championship, where it reached the semi-finals before being knocked out by the VfB Oldenburg.

[16] The year after, the club finished fourth in the league again, which was important because the 1992, 1993 and 1994 placings were what counted to qualify for the new Regionalliga Süd, which was to start in 1994.

[18] Bayern had to "live with the humiliation", as Lothar Matthäus put it and, apart from making front page in Germany and Italy, like in the Gazzetta dello Sport, even a memorial stone was erected.

Rumor has it that, when FSV Erlangen-Bruck shortly after knocked out Greuth from the Mittelfranken Cup, Uli Hoeneß send a telegram to the Erlangen club, congratulating them.