The Martha’s Vineyard Land Bank reported revenues of $790,438 for the business week ending on Friday, Sept. 4, 2020. 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 nine transactions resulted in $353,898. Three transactions earned $112,200 in Chilmark. Five transactions generated $109,460 in West Tisbury. Six transactions resulted in $104,800 in Tisbury. Six transaction earned $104,230 in Oak Bluffs. And one transaction generated $5,850 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.