The Martha’s Vineyard Land Bank reported revenues of $529,400.20 for the business week ending on Friday, Dec. 23, 2022. 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 three transactions resulted in $367,900. One transaction earned $90,000 in West Tisbury. Ten transactions generated $71,320.20 in Edgartown. Two transactions resulted in $150 in Chilmark. And one transaction earned $30 in Tisbury.

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 3,900 acres of Vineyard land.