UPDATE: Chemical Financial Corporation Announces Third Quarter Cash Dividend

MIDLAND, Mich., July 19, 2017 -- Chemical Financial Corporation (NASDAQ:CHFC) today announced that the Board of Directors of the Corporation declared a third quarter 2017 dividend on its common stock of $0.28 per share, representing a 3.7% per share increase from the previous quarter’s $0.27 dividend per share.  The press release issued earlier today included a typographical error that incorrectly stated the dividend amount at $0.29 per share.  The third quarter 2017 dividend will be payable on September 15, 2017, to shareholders of record on September 1, 2017. The ex-dividend date is August 30, 2017.

Chemical Financial Corporation is the largest banking company headquartered and operating branch offices in Michigan. Chemical Financial Corporation's common stock trades on The NASDAQ Stock Market under the symbol CHFC and is one of the issues comprising The NASDAQ Global Select Market and the S&P MidCap 400 Index. More information about the Corporation is available at Chemical Financial Corporation's website at www.chemicalbank.com under the Investor Information section.

For further information:
David T. Provost, CEO
Dennis L. Klaeser, CFO
989-839-5350