Chemical Financial Corporation Announces First Quarter Cash Dividend

MIDLAND, Mich., Feb. 21, 2017 -- Chemical Financial Corporation (NASDAQ:CHFC) today announced that the Board of Directors of the Corporation declared a first quarter 2017 cash dividend on its common stock of $0.27 per share.  The first quarter 2017 dividend will be payable on March 17, 2017, to shareholders of record on March 3, 2017. The ex-dividend date is March 1, 2017.

Chemical Financial Corporation is the largest banking company headquartered and operating branch offices in Michigan. The Corporation operates through its subsidiary bank, Chemical Bank, with 249 banking offices located in Michigan, northeast Ohio and northern Indiana. At December 31, 2016, the Corporation had total assets of $17.36 billion. Chemical Financial Corporation's common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issuers comprising The NASDAQ Global Select Market and the S&P MidCap 400 Index. More information about the Corporation is available by visiting the "Investor Info" section of its website at www.chemicalbank.com.

For further information:
David B. Ramaker, CEO
Dennis Klaeser, CFO
989-839-5350