Columbia Bancshares Inc. disclosed additional information onits purchase of Clarence, Mo.-based ClarenceState Bank and formationof a bank holding company.

According to a Form Y-3 recently obtained by S&P Global MarketIntelligence, The total cash amount that will be paid for Clarence State Bank'scommon stock is currently estimated to be approximately $5.2 million. The amountis equal to a multiple of 1.61x bank's core adjusted capital, plus a multiple of1.00x the excess bank capital.

"Core Adjusted Bank Capital" means an amount equalto 8.00% of the assets of bank at the valuation date provided in the merger agreement,which is the last day of the month immediately preceding the closing of the merger,as they appear on the balance sheet of bank, adjusted by subtracting out from thoseassets an amount equal to any brokered deposit liabilities of bank.

"Excess Bank Capital" means all capital of bank atthe valuation date of the merger, as it appears on the bank's balance sheet, inexcess of core adjusted bank capital.