The club disbanded before the 2016–17 season due to a bad financial situation, when the sponsor, Srbijagas, ceased their investments in the team.

Their biggest success was the participation in the 1997–98 Federal Republic of Yugoslavia Cup final where they lost to the Budućnost.

The club was legally disbanded in summer of 2000, relocated to Novi Sad, and renamed to KK NIS Vojvodina.

Shortly afterward, the Petroleum Industry of Serbia (NIS) took over the founding rights and became the owner of the entire capital of Beobanka/Vojvodina Srbijagas.

[3][4] Sports Center Vojvodina is a multi-purpose indoor arena located in Novi Sad and it has a capacity of 11,500 seats.