The Martha’s Vineyard Land Bank reported revenues of $103,888 for the business week ending on Friday, July 15, 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 three transactions resulted in $30,240. Two transactions earned $22,800 in Tisbury. Three transactions earned $20,848 in Oak Bluffs. One transaction generated $20,000 in Chilmark. And one transaction earned $10,000 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.