The Martha’s Vineyard Land Bank reported revenues of $332,580 for the business week ending on Friday, Nov. 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 Chilmark, where three transactions resulted in $150,900. Five transactions generated $93,220 in Tisbury. Six transactions earned $72,290 in Edgartown. One transaction resulted in $8,540 in Oak Bluffs. And one transaction generated $7,630 in West Tisbury. 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.