The Martha’s Vineyard Land Bank reported revenues of $187,890 for the business week ending on Friday, Dec. 20, 2019. 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 Oak Bluffs, where six transactions resulted in $93,140. Five transactions earned $82,850 in Edgartown. Two transactions generated $6,600 in Tisbury. And one transaction earned $5,300 in Chilmark. No eligible transactions were recorded in Aquinnah or West 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.