|Exchange:||NASDAQ national market|
|Stock:||Chemical Financial Corporation|
|Industry:||Banks - Regional - US|
|Chemical Financial Corporation was incorporated in the State of Michigan under Michigan law in August 1973. It is a financial holding company with its business concentrated in a single industry segment commercial banking. The Corporation, through its subsidiary bank, offers a full range of commercial banking services. These banking services include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box services, money transfer services, automated teller machines, access to insurance products and corporate and personal trust and investment management services. The principal markets for the Corporation’s commercial banking services are communities within Michigan in which the branches of the Corporation’s subsidiary bank are located and the areas immediately surrounding those communities. As of December 31, 2009, the Corporation operated through one subsidiary bank, Chemical Bank, headquartered in Midland, Michigan, serving 90 communities through 129 banking offices located in 31 counties across Michigan’s lower peninsula. In addition to its banking offices, the Corporation operated three loan production offices and 140 automated teller machines, both on- and off-bank premises. Chemical Bank operates through an internal organizational structure of four regional banking units. Chemical Bank’s regional banking units are collections of branch banking offices organized by geographical regions within the State of Michigan. The business of banking is competitive. In addition to competition from other commercial banks, banks face significant competition from nonbank financial institutions. In addition to competition from other commercial banks, banks face significant competition from non-bank financial institutions, including savings and loan associations, credit unions, finance companies, insurance companies and investment firms.|
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