The Martha’s Vineyard Land Bank reported revenues of $162,266.29 for the business week ending on Friday, May 19, 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 $114,290. Two transactions earned $20,380 in Oak Bluffs. One transaction generated $14,700 in West Tisbury. One transaction earned $11,642.25 in Aquinnah. One transaction resulted in $1,250 in Chilmark. And three transactions earned $4.04 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.