Press Release

Chemical Financial Corporation Announces Officer Promotions

Company Release - 5/12/2003 11:51 AM ET

MIDLAND, Mich., May 12 /PRNewswire-FirstCall/ -- Aloysius J. Oliver, Chairman of Chemical Financial Corporation (Nasdaq: CHFC), announced that the Board of Directors approved the following officer promotions at its regular meeting held on April 21, 2003: Tari E. Detzler, 1st Vice President, Director of Loan Services; Kenneth W. Johnson, 1st Vice President, Director of Branch Administration; Kimberlee R. Butcher, Vice President, Employee Benefits; Cleo Hugo, Manager, Accounting Services, and Michelle M. Pilaske, Executive Assistant to the President & CEO.

Ms. Detzler has been with Chemical Bank since 1981. During her tenure, she has spent a majority of her time in residential lending, serving as Department Manager at Chemical Bank and Trust Company, Bay City from 1987 until 1998 when she transferred to Midland to serve as Vice President and Department Head of Residential Mortgage Lending. In 2000, she was promoted to Senior Vice President. In 2001, Ms. Detzler's employment transferred to Chemical Financial Corporation when she was named Vice President and Director of Loan Services. Ms. Detzler is a 1998 recipient of the Princess Wenonah Award in conjunction with the YWCA of Bay County, 1994 Realtor Affiliate of the Year, Bay County, and has served as a Loaned Executive for the United Way of Midland County.

Mr. Johnson is a 1985 graduate of Michigan State University with a Bachelor of Arts degree in Business Administration. He joined the staff of Shoreline Bank, now Chemical Bank Shoreline, in January 1995 serving as Vice President and North Region Sales Manager. In 1999, he was promoted to 1st Vice President and Branch Administrator and in 2000 was again promoted to Senior Vice President and Head of Retail Banking Operations. Mr. Johnson will be transferring to the Corporation from Chemical Bank Shoreline to coordinate the delivery of services through our 129 branch offices. He is current Chairman and Treasurer of the South Haven Industrial Fund, Board President of the Greater South Haven Chamber of Commerce, Board Member of the South Haven YMCA, and a member of the South Haven Rotary Club.

Ms. Butcher is a graduate of Spring Arbor University with a Bachelor of Arts degree in Management of Human Resources and a graduate of the MBA School of Human Resource Management. She joined Chemical Bank & Trust Company, Midland, in 1984 working in various areas of the bank before joining Human Resources in 1987. She was promoted to Assistant Cashier in 1988, Assistant Vice President in 1991, and named Vice President and Human Resources Department Head in 1997. In 2001, Ms. Butcher's employment transferred to the Corporation when she was named Assistant Vice President, Employee Benefits. She is also past Vice President of Education for the Northeastern Michigan Chapter of the American Institute of Banking and a former Loaned Executive for the United Way of Midland County.

Ms. Hugo is a graduate of Ateneo de Davao, Philippines, with a Bachelor of Science degree in Accounting. She joined Chemical Bank & Trust Company, Bay City, in 1996 working as a teller until she was promoted to Controller in 1999. In 2001, her employment transferred to the Corporation when she became a supervisor in the Loan Service Center.

Ms. Pilaske is a 1997 graduate of Central Michigan University. She began working for Chemical Bank & Trust Company, Midland, in 1993 as a part time employee while attending school and upon graduation joined the Bank full time as a Management Trainee. In 1999, Pilaske transferred to Branch Administration and was named Assistant Cashier and Administrative Assistant to the President & CEO in 2001. In January 2002Ms. Pilaske's employment transferred to the Corporation where she is Executive Assistant to the President & CEO.

Chemical Financial Corporation is the fourth largest bank holding company headquartered in Michigan. The Company's three Subsidiary Banks operate 129 "Chemical Bank" offices and 2 loan production offices spread over 32 counties in the lower peninsula of Michigan.

Chemical Financial Corporation common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issues comprising The NASDAQ Financial 100 index.

SOURCE  Chemical Financial Corporation
    -0-                             05/12/2003
    /CONTACT:  David B. Ramaker, President & CEO of Chemical Financial
Corporation, +1-989-839-5269/
    /Company News On-Call:
    /Web site: /

CO:  Chemical Financial Corporation
ST:  Michigan

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