Press Release

Chemical Financial Corporation Increases Cash Dividend

Company Release - 8/19/2014 8:00 AM ET

MIDLAND, Mich., Aug. 19, 2014 (GLOBE NEWSWIRE) -- Chemical Financial Corporation (Nasdaq:CHFC) today announced that the Board of Directors of the Corporation declared a third quarter 2014 cash dividend on its common stock of $0.24 per share, representing a 4.3% increase over the second quarter 2014 cash dividend of $0.23 per share and a 9.4% increase in cash dividends during the first three quarters of 2014, compared to the same time period in 2013. The third quarter 2014 cash dividend will be payable on September 19, 2014, to shareholders of record on September 5, 2014. The ex-dividend date is September 3, 2014.

Chemical Financial Corporation is the second largest banking company headquartered and operating branch offices in Michigan. The Corporation operates through a single subsidiary bank, Chemical Bank, with 157 banking offices spread over 38 counties in the lower peninsula of Michigan. At June 30, 2014, the Corporation had total assets of $6.2 billion. Chemical Financial Corporation's common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issues comprising The NASDAQ Global Select Market. More information about the Corporation is available by visiting the investor relations section of its website at

CONTACT: For further information:
         David B. Ramaker, CEO
         Lori A. Gwizdala, CFO
Source: Chemical Financial Corporation