Olympus Mons was named after the home of the
twelve gods of Olympus in Greek mythology. It was first observed
by Italian astronomer Giovanni Schiaparelli in 1879 as a small,
whitish patch, that he named Nix Olympica (the
Snows of Olympus). This feature wasn't identified as a volcano
until about a century later when the NASA space probe Mariner 9
photographed Mars for the first time from Mars orbit, at which
point its name was changed to Olympus Mons.
Tharsis comes from the Bible and refers
to a land at the western extremity of the known world.
Phobos is named after the son of Ares (Mars)
from Greek Mythology.