The club was formed by the merger of two Roman sides, San Saba and Gruppo Borgo Cavalleggeri, under the name
Virtus Aurelia in the late 1960s, the founding date of San Saba, 1960, was kept as Virtus'. In 1972, Virtus Aurelia merged with GS Banco di Roma, the sporting wing of
Banco di Roma, forming
Pallacanestro Banco di Roma Virtus or simply
Banco di Roma. The side reached the
Italian second division in 1978, staying two years before moving up to the Italian top level
LBA, in 1980. This was the start of an extended stay in the first division, and success followed soon after, with the side winning the 1983 championship. Earning a place in the
1983–84 FIBA European Champions Cup (
EuroLeague), Virtus went on to win the competition at its first try, with a
Larry Wright led squad, that also had
Clarence Kea,
Renzo Tombolato, and
Fulvio Polesello. Wright was decisive in the
EuroLeague Final against
FC Barcelona, scoring 27 points, as Roma overturned a 10-point halftime deficit to win the decider. The next season, the Italian club won the
1984 FIBA Intercontinental Cup, after topping a group of international clubs in Brazil. Roma also won the
1985–86 FIBA Korać Cup final against
Mobilgirgi Caserta. The club's next title was the
1991–92 FIBA Korać Cup, by which time Banco di Roma had been replaced as the club's sponsor by
Il Messaggero. A squad comprising
Dino Rađa,
Rick Mahorn,
Roberto Premier, and
Andrea Niccolai downed
Scavolini Pesaro in the two-legged final. The next year, it lost the license completely, after having the worst record among A license clubs. It lost its license to
EA7 Emporio Armani Milano. In a strange twist, Virtus Roma then went on to have an excellent season, unexpectedly, by their own admission, reaching the Serie A finals, which would earn it the right to return to the EuroLeague. However, the club relinquished their rights, as they did not agree to some of the competition's requirements. In particular, paying rent for an arena with the minimum arena capacity. They thus earned a place in the second tier
EuroCup instead. In July 2015, despite having satisfied the economic conditions to participate in the Italian top level LBA, the club's management asked to participate instead in the Italian second division
Serie A2. The permission to do so was granted by the
Italian Basketball Federation. The cited motive for the move to the lower division, was an insufficient budget to be competitive at the higher level, and the desire to restructure the club based on a youth policy. On April 23, 2019, after beating
Legnano Knights by 83–88, Virtus Roma is proclaimed champion of the
Serie A2, getting the direct promotion to the
Serie A. Virtu returns to the highest tier after an absence of four years.
Dissolution On December 9, 2020, the club withdrew from the
Serie A due to financial difficulties and the inability to find a new investor. ==Arenas==