The Martha’s Vineyard Land Bank reported revenues of $597,210 for the business week ending on Friday, Dec. 31, 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 Chilmark, where three transactions resulted in $244,750. Nine transactions earned $147,832 in Edgartown. Five transactions generated $142,590 in Oak Bluffs. Three transactions resulted in $48,244 in Tisbury. And one transaction earned $13,794 in Aquinnah. No eligible transactions were recorded in 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 3,882 acres of Vineyard land.