Press Release

Chemical Financial Corporation Declares 2006 Second Quarter Cash Dividend

Company Release - 4/19/2006 8:23 AM ET

MIDLAND, Mich., April 19 /PRNewswire-FirstCall/ -- Chemical Financial Corporation's (Nasdaq: CHFC) Board of Directors is pleased to announce that on April 18, 2006, the Board declared a quarterly cash dividend of $0.275 per share of common stock payable on Friday, June 16, 2006, to shareholders of record on June 2, 2006. The ex-dividend date is May 31, 2006.

Chemical Financial Corporation is the fourth largest bank holding company headquartered in Michigan. The Company operates through a single subsidiary bank, Chemical Bank, with 124 banking offices spread over 32 counties in the lower peninsula of Michigan. At March 31, 2006, the Company had total assets of $3.74 billion. 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-                             04/19/2006
    /CONTACT: David B. Ramaker, Chairman, 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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