Chemical Financial Corporation Announces First Quarter Cash Dividend

Chemical Financial Corporation Announces First Quarter Cash Dividend

MIDLAND, Mich., Feb. 19, 2013 (GLOBE NEWSWIRE) -- Chemical Financial
Corporation (Nasdaq:CHFC) today announced that the Board of Directors of the
Corporation declared a first quarter 2013 cash dividend on its common stock of
$0.21 per share. The first quarter 2013 dividend will be payable on March 15,
2013, to shareholders of record on March 1, 2013. The ex-dividend date is
February 27, 2013. Chemical Financial Corporation is the second largest bank
holding company headquartered and operating branch offices in Michigan. The
Corporation operates through a single subsidiary bank, Chemical Bank, with 156
banking offices spread over 38 counties in the lower peninsula of Michigan. At
December 31, 2012, the Corporation had total assets of $5.9 billion. Chemical
Financial Corporation's common stock trades on The NASDAQ Stock Market under
the symbol CHFC and is one of the issues comprising The NASDAQ Global Select
Market. More information about the Corporation is available by visiting the
investor relations section of its website at www.chemicalbankmi.com.

Forward Looking Statements

This press release contains forward-looking statements. These forward-looking
statements are subject to a number of factors that could cause actual results
to differ materially. The Corporation's declaration of a dividend in any
period does not commit the board of directors to declare future dividends.
Each future dividend will be considered and declared by the board of directors
in its discretion. The ability of the board of directors to continue to
declare dividends will depend on a number of factors, including the
Corporation's future financial condition and profitability. Chemical Financial
Corporation undertakes no obligation to update, amend or clarify
forward-looking statements, whether as a result of new information, future
events or otherwise.

CONTACT: David B. Ramaker, CEO
         Lori A. Gwizdala, CFO
         989-839-5350
 
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