Press Release

CORRECTION -- Chemical Financial Corporation Voluntarily Declines Participation in TARP Capital Purchase Program

Company Release - 12/18/2008 2:44 PM ET

MIDLAND, Mich., Dec. 18, 2008 (GLOBE NEWSWIRE) -- In a release issued by Chemical Financial Corporation (Nasdaq:CHFC) earlier today under the same headline, the telephone number for David B. Ramaker reading "989-838-5269" should read "989/839-5269."

CONTACT:  Chemical Financial CorporationDavid B. Ramaker