The Martha’s Vineyard Land Bank reported revenues of $354,351.35 for the business week ending on Friday, June 10, 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 West Tisbury, where two transactions resulted in $102,707. Two transactions earned $101,840 in Chilmark. Three transactions generated $64,390 in Tisbury. Four transactions earned $51,398.35 in Oak Bluffs. And four transactions generated $34,016 in Edgartown.

No eligible transactions were recorded 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.