The Martha’s Vineyard Land Bank reported revenues of $720,050 for the business week ending on Friday, Dec. 11, 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 10 transactions resulted in $421,704. Four transactions earned $161,700 in West Tisbury. Seven transactions generated $114,000 in Oak Bluffs. One transaction earned $11,500 in Chilmark. One transaction resulted in $10,900 in Aquinnah. And two transactions generated $246 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.