MIDLAND, Mich., July 22 /PRNewswire-FirstCall/ -- Aloysius J. Oliver,
Chairman of Chemical Financial Corporation (Nasdaq: CHFC), announced that on
July 21, 2003, the board of directors of the Company declared a quarterly cash
dividend of $0.25 per share of common stock payable on Friday, September 19,
2003, to shareholders of record on September 5, 2003.  The ex-dividend date is
September 3, 2003.
    Chemical Financial Corporation is the fourth largest bank holding company
headquartered in Michigan.  The Company's four Subsidiary Banks operate 129
"Chemical Bank" offices and 2 loan production offices spread over 32 counties
in the lower peninsula of Michigan.
    Chemical Financial Corporation common stock trades on the Nasdaq Stock
Market under the symbol "CHFC."

Link to this page:

  

http://www.prnewswire.com/gh/cnoc/comp/157448.html
CONTACT:
David B. Ramaker, President & CEO of Chemical
Financial Corporation, +1-989-839-5269

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