The Martha’s Vineyard Land Bank reported revenues of $162,026.66 for the business week ending on Friday, Feb. 26, 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 Chilmark, where three transactions resulted in $88,700. Two transactions in Edgartown generated $22,626.66. One transaction earned $22,000 in Aquinnah. One transaction resulted in $16,200 in West Tisbury. One transaction generated $6,400 in Oak Bluffs. And one transaction earned $6,100 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.