The Martha’s Vineyard Land Bank reported revenues of $831,280 for the business week ending on Friday, June 30, 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 $674,600. One transaction earned $43,500 in Aquinnah. Three transactions generated $43,280 in Oak Bluffs. Seven transactions earned $36,200 in Tisbury. One transaction resulted in $19,500 in Chilmark. And one transaction earned $14,200 in West 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.