Chemical Financial Prices $50M Share Offering at $26.00/Share

Chemical Financial Corporation

announced today the pricing of an underwritten public offering of 1,925,000 shares of its common stock at a price of $26.00 per share to the public. The Company has granted the underwriters a 30-day option to purchase up to an additional 288,750 shares of common stock sold to cover over-allotments. The public offering is expected to close on September 18, 2013. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include funding loan growth and long-term strategic opportunities that may arise in the future. Keefe, Bruyette & Woods, a Stifel company, is the sole book-running manager in this offering. Raymond James & Associates and Sandler O'Neill + Partners, L.P. are acting as co-managers for the offering. Donnelly, Penman & Partners is acting as a selling group member.