While the village is the focal point of the area, there is also an outlying hamlet in the parish, located at Rossadrehid where a rural creamery once serviced the dairy industry.
Bansha village is thought to be an ancient settlement and its main geographical features and landed gentry of the surrounding area were vividly described by Samuel Lewis in his Topographical Dictionary of Ireland, published in 1837.
Further expansion took place in the early 21st century when "Master Horgan's Field" adjacent to the northern boundary of the old graveyard was developed as a modern residential quarter.
Mr Horgan was the long-time Principal of Bansha Boys National School in succession to Masters Pat Leahy and David Dee and also managed his own public house in Barrack Street.
It was used for dancing, variety shows, "pongo" which was a form of modern-day bingo and on Sunday afternoons up to about 1962, as a rendezvous by locals who wished to tune into the commentary of major hurling and football matches relayed from Croke Park on Radio Éireann.
The building endured until the 1960s when because of dilapidation, it was eventually closed, after which the Parochial Hall became the sole entertainment centre for the village and surrounding area.
Due largely to Canon Hayes's endeavours, a factory - Bansha Rural Industries - was started and enjoyed some success producing preservatives for the Irish home market.
For its relative size, Bansha village has a proud and unique parliamentary tradition as two of its natives have represented County Tipperary in different parliaments.
As a public representative, he was following in the footsteps of his grandfather, Patrick Ferris, who was a member of the Tipperary (SR) County Council in the early years of the 20th century.
They specialised in the sale of dairy products and quickly developed their business to include a chain of over thirty restaurants and shops in Dublin over the next four decades.
Their daughter was the Hollywood actress, Kathleen Ryan who starred in many movies in the 1940s and 1950s and their son John was an artist and man of letters who wrote a famous memoir of bohemian Dublin in the 1950s— Remembering How we Stood.
[citation needed] His compositions include The Peeler and the Goat, a ballad or satire which was popularly sung across Ireland and was taken worldwide by emigrants.
Sir William Francis Butler, GCB, PC (31 October 1838 – 7 June 1910), a soldier, a writer, and an adventurer, lived in retirement at Bansha Castle from 1905 until his death in 1910.
Her daughter Eileen suffered a great loss during the Second World War when two of her three sons, William, 16th Lord Gormanston, and Stephen were killed in action at Dunkirk (1940) and Anzio (1944) respectively.
Denis McCarthy Reagh settled at Springhouse, near Bansha in the late 17th century where he built a mansion and had an estate of 9,000 acres (3,642 ha), which in its day was considered to be the largest cultivated farm in Europe.
Because of his illustrious Irish ancestry, he was ennobled by King Louis XVI as Count of Toulouse in 1776 and was admitted to the honours of the French Royal Court in Paris.
At home in Ireland, the McCarthy family were noted priest-protectors in penal times and Springhouse was considered a safe haven for priests on the run from persecution.
A namesake, Donough McCarthy was consecrated Bishop of Cork & Cloyne on 16 Aug. 1713 in Villa Domus Fontis which was the Latinised equivalent of Springhouse.
Another family member of a later generation was Catherine, daughter of Patrick McCarthy, farmer, of Ballygurteen, Kilmoyler, who survived the sinking of the RMS Titanic in 1912.
The McCarthys of Springhouse also have their 'Banshee' (Clíodhna), the story of which is told by Thomas Crofton Croker in his Fairy Tales and Traditions of the South of Ireland published in 1825.