The Martha’s Vineyard Land Bank reported revenues of $202,710 for the business week ending on Friday, April 29, 2016. 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 Tisbury, where three transactions resulted in $90,660. Four transactions in Edgartown generated $64,100. Two transactions earned $27,000 in West Tisbury. Two transactions earned $17,760 in Oak Bluffs. One transaction generated $3,000 in Chilmark. And one transaction earned $190 in Aquinnah.

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.