In 1936 the new club Falu BS started in Swedish division II. The jersey was like the one Falu BK had used, copper brown with the text "FALUN" on the chest. The home games were played at Främbyviken or Kvarnbergsplan (later to be called Kopparvallen).
In 1939/1940 the team reached Bandyallsvenskan, the highest league in Sweden. Falu BS was second overall, only Sandvikens AIK were better. From this season on the "classic" colours of the team were used, blue jerseys with yellow collars. The team did not last more than one season in the Bandyallsvenska this time, but got back later.
The most successful time were the early 1970s, when the club became Swedish champions in 1971 and 1974. Falu BS also were the runners-up in 1999. The team also became world champions for clubs by winning the Bandy World Cup in 1998.
They play at the Lugnet sports complex.