Yes circa 1969, (left to right) Peter Banks, organist Tony Kaye, bassist Chris Squire, drummer Bill Bruford, and singer Jon Anderson. (Handout)

Rockers Yes have paid tribute to former bandmate Peter Banks following his death last week, insisting the guitarist is a "huge piece" of their history.

Ex-Yes star Billy Sherwood confirmed reports suggesting the 65-year-old passed away at his London home on March 7, and now the current members of the band have added their tribute to Banks, who co-founded Yes with his former The Syn bandmate Chris Squire in 1968.

In a group statement, they write, "We are deeply saddened to learn about the passing of fellow bandmate and founding Yes member, Peter Banks.

"He was a huge piece of the fabric that made Yes what it is, and our thoughts, sincere condolences, and prayers are with him and his family. Peter, we shall miss you greatly."