Epstein and Banks appeared on CBS Mornings on Tuesday, speaking on the founding of the club name and what creating a professional women's soccer team in the city entails.
"BOS Nation, it starts with the word Bostonian - those nine letters that make up that word are so meaningful to those of us that come from there, and when you rearrange those letters, it's an anagram, and you get the words BOS Nation," Epstein said.
"That was very intentional because this team name is fan-centric, fan-first. And our new identity is made up of the diverse communities that live in our strong city, and have a love - or will soon to have a love - of the world's beautiful game."
Banks, who is a local to the city, said the opportunity to support women's sports was a motivating factor in her joining the group.
"I am a proud Massachusetts native and huge sports fan, I didn't want to pass up the opportunity to get involved with this female fronted team in Massachusetts, a great new sports franchise in Boston," she said. "I didn't grow up playing soccer, and I didn't grow up watching women play sports on television, and I feel like this is the moment right now women's sports are peaking. We are seeing so many people get involved, and I didn't want to miss out on that opportunity."