Press Release

Chemical Financial Corporation Announces Officer Promotion

Company Release - 5/3/2004 11:51 AM ET

MIDLAND, Mich., May 3 /PRNewswire-FirstCall/ -- David B. Ramaker, President and Chief Executive Officer of Chemical Financial Corporation (Nasdaq: CHFC), today announced the promotion of W. Brian Beall to 1st Vice President, Data Services.

Mr. Beall joined the staff of Chemical Bank & Trust Company - Owosso, formerly Key State Bank, in 1993. In 1994, he transferred to CFC Data Corporation where he served as manager of this subsidiary. He was subsequently promoted to Vice President in 1999 and Vice President and Assistant General Manager in 2002.

Prior to joining Chemical Bank, Brian studied computer science and mathematics at Indiana University and was an account services supervisor at Bloomington Bank and Trust Company, located in Indiana.

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 and is one of the issues comprising The NASDAQ Financial 100 index.

SOURCE  Chemical Financial Corporation
    -0-                             05/03/2004
    /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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