The Municipality of Asuncion became a regular municipal district on February 23, 1921 by virtue of Executuve Order No. 8, signed by Governor General Francis Burton F. Harrison, duly endorsed by the Provincial Board of Davao under Resolution Numbers 297 and 393. Two (2) districts were created: The District of Camansa and the District of Saug. Each District consists of five (5) barrios:
District of Camansa
District of Saug
In the early part of 1948, Executive Order No. 156 promulgated by President Elpidio Quirino, made Asuncion a regular town and originally named Municipality New Leyte. On September of the same year, Executive Order No. 173 was issued changing its name to Municipality of Saug.
Republic Act No. 1675 was passed in Congress on June 20, 1957 renaming the Municipality of Saug to Municipality if Asuncion in honor of its Patron Saint Nuestra Senora dela Asuncion.
The early inhabitants of the Municipality were the Aetas and Mandayas. In the early 1930s, migrants from Leyte, Bohol, Cebu and other parts of the Visayas settled in the town and lived peacefully with the early settlers.
On June 18, 1966, two new municipalities were created and segregated from the land area of Asuncion. New Corella was created under R.A No. 4747 and the Municipality of Montevista which was created under R.A 4808.
Again, on March 7, 1979, Batasang Pambansa Blg. 23, created the Municipality of San Vicente (Laak), segregating 15 regular barangays of the Municipality.
The Municipality is composed of 26 barangays with a total land area of 41,152 has. On March 15, 2004, President Gloria Macapagal Arroyo signed into Law R.A 9265 which created the Municipality of San Isidro. The Law was ratified on June 27, 2004. Due to the creation of the Municipality of San Isidro, six (6) barangays were detached from the Municipality of Asuncion.
At present, the Municipality of Asuncion has twenty (20) barangays (see table 1) with a total land area of 30,422 hectares representing 8.4% of the total land area of the Province of Davao del Norte.
| Barangays | Basis of Creation | Basis Created |
|---|---|---|
| 1. Binancian | Provincial Board Res. No. 138 | May 8, 1968 |
| 2. Buan | Executive Order No. 8 | February 23, 1921 |
| 3. Buclad | ||
| 4. Cabaywa | Provincial Board Resolution | April 30, 1968 |
| 5. Camansa | Executive Order No. 8 | February 27, 1921 |
| 6. Cambanogoy (Pob.) | Executive Order No. 8 | February 23, 1921 |
| 7. Camoning | Provincial Board Resolution No. 398 | October 21, 1965 |
| 8. Canatan | Executive Order No. 8 | February 23, 1921 |
| 9. Concepcion | Municipal Council Resolution No. 1046 | June 12, 1954 |
| 10. Dona Andrea | Provincial Board Resolution No. 478 | July 2, 1964 |
| 11. Magatos | June 16, 1935 | |
| 12. Napungas | Executive Order No. 08 | 1921 |
| 13. New Bantayan | Resolution No. 20 | September 11, 1968 |
| 14. New Loon | Resolution No. 138 | February 12, 1985 |
| 15. New Santiago | Provincial Board Res. No. 294 | July 22, 1965 |
| 16. Pamacaun |
Barangay Resolution No. 27, Municipal Resolution No. 152, Provincial Resolution No. 288 |
March 16, 1967 |
| 17. Sagayen | Republic Act 3590(Barrio Chapter) | 1963 |
| 18. San Vicente | Resolution No. 421 | June 18, 1968 |
| 19. Sta. Felomina |
Barangay Resolution No. 137 Series of 1969, Provincial Board Resolution No. 287 |
October 29, 1969 |
| 20. Sonlon | Provincial Board Resolution No. 373 | November 18, 1970 |
Source: Department of Interior and Local Government (DILG)
Different leaders have managed the Municipality from 1921 to present as follows:
| Ganza Mandaya | - | 1921-1926 |
| Betunlan Ganza | - | 1926-1930 |
| Marcelo Bonghanoy | - | 1930-1934 |
| Mamerto Confesor | - | 1934-1936 |
| Felino Ayala | - | 1936-1937 |
| Zacarias Solon | - | 1937-1938 |
| Segundo Atanoza | - | 1938-1939 |
| Pedro Ramos | - | 1939-1940 |
| Nemesio Irig | - | 1940-1941 |
| Dalmacio Fernandez | - | 1941-1951 |
| Francisco Javines | - | 1951-1952 |
| Eulogio Aboyme | - | 1952-1967 |
| Jose P. Dela Vega | - | 1967-1971 |
| Bruno R. Callejo | - | 1972-1979 |
| Robinson A. Raiz | - | 1979-1984 |
| Angel S. Ferraris, Sr. | - | 1984-1986 |
| Eduardo A. Encarnacion | - | 1986-1988 |
| Arnulfo H. Fernandez | - | 1988-1988 |
| Tomas R. Abelita, Jr. | - | 1988-1998 |
| Leopoldo A. Monteroso, Sr. | - | 1998-2007 |
| Joseph Nilo F. Parrenas | - | 2007-2015 |
| Eufracio P. Dayaday , Jr. | - | 2016-Present |
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