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Chemical Financial Corporation Declares Third Quarter Cash Dividend

Company Release - 7/22/2003 8:02 AM ET

MIDLAND, Mich., July 22 /PRNewswire-FirstCall/ -- Aloysius J. Oliver, Chairman of Chemical Financial Corporation (Nasdaq: CHFC), announced that on July 21, 2003, the board of directors of the Company declared a quarterly cash dividend of $0.25 per share of common stock payable on Friday, September 19, 2003, to shareholders of record on September 5, 2003. The ex-dividend date is September 3, 2003.

Chemical Financial Corporation is the fourth largest bank holding company headquartered in Michigan. The Company's four 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."

SOURCE  Chemical Financial Corporation

    -0-                             07/22/2003
    /CONTACT:  David B. Ramaker, President & CEO of Chemical Financial
Corporation
, +1-989-839-5269/
    /Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/157448.html/
    /Web site:  http://chemicalbankmi.com /
    (CHFC)

CO:  Chemical Financial Corporation

ST:  Michigan
IN:  FIN
SU:  DIV


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2638 07/22/2003 08:02 EDT http://www.prnewswire.com