The Martha’s Vineyard Land Bank reported revenues of $164,620 for the business week ending on Friday, March 13, 2015. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Much of the land bank revenue last week came from the town of Chilmark, where one transaction resulted in $131,000. One transaction in Tisbury generated $29,200. One transaction in Oak Bluffs netted $4,220. And one transaction earned $200 in Edgartown. No eligible transactions were recorded in Aquinnah or West Tisbury.

The land bank uses its revenues to purchase and manage land for purposes of conservation, preservation and passive recreation. To date the agency has participated in the purchase of more than 3,243 acres of Vineyard land.