In Phoenician and Hellenistic times, it was an important seaport. Some have identified it with the Hellenistic city ofLeucas, in Greece, mentioned by Stephanus of Byzantium. It was a colony of Aradus, and was placed by Stephanus in the late Roman province of Phoenicia, though it belonged rather to the province of Syria. In Greek and Latin, it is known as Balanaea or Balanea. During the early 21st centurySyrian civil war, rebel sources reported that a massacre took place on 2 May 2013, perpetrated by regime forces. On 3 May, another massacre was, according to SOHR, perpetrated in the Ras al-Nabaa district of Baniyas causing hundreds of Sunni residents to flee their homes. According to one opposition report, a total of 77 civilians, including 14 children, were killed. Another two opposition groups documented, by name, 96–145 people who are thought to have been executed in the district. Four pro-government militiamen and two soldiers were also killed in the area in clashes with rebel fighters.
The bishopric of Balanea was a suffragan of Apamea, the capital of the Roman province of Syria Secunda, as is attested in a 6th-century Notitiae Episcopatuum. When Justinian established a new civil province, Theodorias, with Laodicea as metropolis, Balanea was incorporated into it, but continued to depend ecclesiastically on Apamea, till it obtained the status of an exempt bishopric directly subject to the Patriarch of Antioch. Its first known bishop, Euphration, took part in the Council of Nicaea in 325 and was exiled by the Arians in 335 later Timotheus was at both the Robber Council of Ephesus in 449 and the Council of Chalcedon in 451. In 536, Theodorus was one of the signatories of a letter to the emperor Justinian against Severus of Antioch and other non-Chalcedonians. Stephanus participated in the Second Council of Constantinople in 553. In the Crusades period, Balanea became a Latin-Rite see, called Valenia or Valania in the West. It was situated within the Principality of Antioch and was subject to the Latin-Rite metropolitan see of Apamea, whose archbishop intervened in the nomination of bishops of the suffragan see in 1198 and 1215. For reasons of security, the bishop lived in Margat Castle. No longer a residential bishopric, Balanea is today listed by the Catholic Church as a titular see.