Press Release

Chemical Financial Corporation Declares 2005 Third Quarter Cash Dividend

Company Release - 7/19/2005 9:54 AM ET

MIDLAND, Mich., July 19 /PRNewswire-FirstCall/ -- Chemical Financial Corporation's Board of Directors is pleased to announce that on July 18, 2005, the Board declared a quarterly cash dividend of $0.265 per share of common stock payable on Friday, September 16, 2005, to shareholders of record on September 2, 2005. The ex-dividend date is August 31, 2005.

Chemical Financial Corporation (Nasdaq: CHFC) is the fourth largest bank holding company headquartered in Michigan. The Company's three subsidiary banks operate "Chemical Bank" branch offices throughout 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-                             07/19/2005
    /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

-- DETU012 --
8371 07/19/200509:54 EDT