MIDLAND, Mich., April 22 /PRNewswire-FirstCall/ -- The Board of Directors
of Chemical Financial Corporation (Nasdaq: CHFC) has authorized management, in
its discretion, to purchase up to 500,000 shares of the Corporation's common
stock. It is anticipated that any purchases of shares will be made through a
program of open market purchases or through privately negotiated purchases,
all subject to availability, regulatory volume and other constraints and
general economic conditions. Any repurchased shares will be available for
later reissue in connection with potential future stock dividends, the
Corporation's dividend reinvestment plan, employee benefit plans and other
general corporate purposes.
Chemical Financial Corporation is the fourth largest bank holding company
headquartered in Michigan. The Company's three subsidiary banks operate
"Chemical Bank" branch offices throughout 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
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Related links:
http://chemicalbankmi.com
Company News On-Call:
http://www.prnewswire.com/comp/157448.html
CONTACT:
David B. Ramaker, +1-989-839-5269, or Lori A.
Gwizdala, +1-989-839-5358, both of Chemical Financial Corporation
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