The Martha’s Vineyard Land Bank reported revenues of $1,503,916 for the business week ending on Friday, Dec. 3, 2021. 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 $1,059,236. Four transactions earned $170,580 in Oak Bluffs. Three transactions generated $147,800 in West Tisbury. Five transactions resulted in $81,800 in Tisbury. And two transactions earned $44,500 in Chilmark.

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 3,882 acres of Vineyard land.