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Chemical Financial Corporation Declares Second Quarter Cash Dividend

Company Release - 4/19/2004 7:55 AM ET

MIDLAND, Mich., April 19 /PRNewswire-FirstCall/ -- Aloysius J. Oliver, Chairman of Chemical Financial Corporation (Nasdaq: CHFC), announced that on April 19, 2004, the board of directors of the Company declared a quarterly cash dividend of $0.265 per share of common stock payable on Friday, June 18, 2004, to shareholders of record on June 4, 2004. The ex-dividend date is June 2, 2004.

Chemical Financial Corporation is the fourth largest bank holding company headquartered in Michigan. The Company's four Subsidiary Banks operate 133 banking offices and 2 loan production offices spread over 33 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-                             04/19/2004
    /CONTACT:  David B. Ramaker, President & CEO of Chemical Financial
Corporation
, +1-989-839-5269/
    /Company News On-Call:  http://www.prnewswire.com/comp/157448.html/
    /Web site:  http://chemicalbankmi.com /
    (CHFC)

CO:  Chemical Financial Corporation

ST:  Michigan
IN:  FIN
SU:  DIV

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4659 04/19/2004 07:55 EDT http://www.prnewswire.com