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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.