The Martha’s Vineyard Land Bank reported revenues of $300,055.07 for the business week ending on Friday, April 24, 2015. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Most of the land bank revenue last week came from the town of Tisbury, where three transactions resulted in $233,900. Three transactions in Edgartown netted $37,155.07, and three transactions earned $29,000 in Oak Bluffs. No eligible transactions were recorded in Aquinnah, Chilmark, 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.