The Martha’s Vineyard Land Bank reported revenues of $409,245.82 for the business week ending on Friday, Nov. 13, 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 Tisbury, where four transactions resulted in $121,745.82. Four transactions earned $117,240 in Edgartown. Three transactions generated $72,960 in West Tisbury. Four transactions resulted in $67,700 in Oak Bluffs. And two transactions earned $29,600 in Aquinnah. No eligible transactions were recorded in Chilmark.

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.