The Martha’s Vineyard Land Bank reported revenues of $391,761.96 for the business week ending on Friday, May 12, 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 five transactions resulted in $174,400. Four transactions earned $114,400 in West Tisbury. Three transactions generated $71,440 in Chilmark. One transaction earned $14,380 in Tisbury. Two transactions resulted in $11,396 in Aquinnah. And one transaction earned $5,745.96 in Oak Bluffs.

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.