MIDLAND, Mich., Oct. 22 /PRNewswire-FirstCall/ -- Aloysius J. Oliver,
Chairman of Chemical Financial Corporation (Nasdaq: CHFC), announced that on
October 21, 2002, the board of directors of the Company declared a quarterly
cash dividend of $0.24 per share of common stock payable on Friday, December
20, 2002, to shareholders of record on December 6, 2002.  The ex-dividend date
is December 4, 2002.
    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 33 counties
in the lower peninsula of Michigan.  CFC Data Corp, Midland, is the Company's
wholly owned data processing subsidiary.
    Chemical Financial Corporation common stock trades on the Nasdaq Stock
Market under the symbol "CHFC".

Link to this page:

  

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

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