The Martha’s Vineyard Land Bank reported revenues of $764,534 for the business week ending on Friday, Jan. 22, 2016. 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 West Tisbury, where three transactions resulted in $565,500. Five transactions in Edgartown generated $142,690. Five transactions earned $40,864 in Oak Bluffs. And three transactions generated $15,480 in Tisbury. No eligible transactions were recorded in Aquinnah or 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.