It was a member of the financial group Konversbank and was listed on the NASDAQ OMX Vilnius stock exchange.

[3][4] Bankas Snoras AB was founded 1992 as a regional bank of Šiauliai and renamed to its current name in 1993.

[5] However, an inspection at the bank in November 2011, revealed poor asset quality, weak risk management and lack of proper operating data.

[7] In 2011, November 24, the Bank of Lithuania applied to the court regarding the bankruptcy of AB bankas Snoras, on December 7.

The loan portfolio, the bank's and real estate assets taken over from borrowers, both in Lithuania and abroad, are being sold.