The Banvit basketball club was founded in 1994, by workers at
Banvit, a meat company based in
Bandirma. The team began playing in the Turkish regional leagues in 1998, and were
promoted to the
Turkish second division in 2001. In 2004, the team was promoted to the
Turkish top-tier level
BSL, as champions of the second division. The team played in the
European-wide fourth-tier level
FIBA EuroCup Challenge, in their first
BSL season, and reached the league's semifinal. The team has reached the semifinal of the
BSL five times, and reached the final of the
Turkish Cup twice. In the
2012–13 season, the team beat
Beşiktaş, in the quarterfinal series, and beat
Anadolu Efes in the semifinal series of the BSL playoffs, and reached the league's finals, where they lost against
Galatasaray Medical Park 4–1. In the next season, Banvit qualified for the Qualifying Round of the
EuroLeague 2013–14 season. But they lost in the qualification round against
Telenet Oostende, and were dropped down to the second-tier level
EuroCup. In the 2016–17 season, Banvit played in the
inaugural season of the
Basketball Champions League. In the competition, it reached the championship game of the
Final Four in
Tenerife, Banvit's first European final. Banvit lost 63–59 to host team
Iberostar Tenerife. On 1 June 2019, Banvit B.B. changed its club name to Bandırma B.İ.K. On 19 July, a sponsorship agreement was announced which would name the team Teksüt Bandırma for the 2019–20 season. However, on August 21, 2020, Teksüt Bandırma announced that they withdrew from
Basketbol Süper Ligi due to financial issues. ==Sponsorship names==