The Martha’s Vineyard Land Bank reported revenues of $214,678 for the business week ending on Friday, Feb. 3, 2017. 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 Edgartown, where four transactions resulted in $57,798. Two transactions earned $51,000 in Aquinnah. Two transactions generated $39,080 in Oak Bluffs. Two transactions resulted in $31,250 in Chilmark. Two transactions earned $26,550 in West Tisbury. And one transaction generated $9,000 in 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.