Chemical Financial Corporation Announces
The following excerpt is from the company's SEC filing
MIDLAND, Mich., June 30, 2014
— Chemical Financial Corporation (Nasdaq:CHFC) announced today the closing of the sale of 375,000 shares of its common
stock pursuant to the underwriters' exercise of the over-allotment option, which the Company granted in connection with its previously
announced underwritten public offering of 2,500,000 shares of its common stock. With the exercise of the over-allotment option,
the Company has sold a total of 2,875,000 shares at a price of $28.00 per share to the public in the offering.
Keefe, Bruyette & Woods, a Stifel
company, acted as the sole book-running manager in this off
ering. Sandler O'Neill + Partners, L.P.
acted as co-manager for the offering.
The offering was made under the Company’s shelf registration
statement filed with the Securities and Exchange Commission (SEC) on June 12, 2014, which became immediately effective.
This press release does not constitute an offer to sell or a solicitation
of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which
such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any
The offering was made by means of a prospectus and a related prospectus
supplement, copies of which may be obtained by contacting Keefe, Bruyette & Woods, Inc., Attention: Equity Capital Markets,
787 Seventh Avenue, 4th Floor, New York, NY 10019, telephone (800) 966-1559. Copies of the prospectus and related prospectus
supplement may also be obtained from the SEC’s website at: www.sec.gov.
Financial Corporation is the second largest banking company headquartered and operating branch offices in Michigan. The Company
operates through a single subsidiary bank, Chemical Bank, with 157 banking offices spread over 38 counties in the lower peninsula
of Michigan. At March 31, 2014, the Company had total assets of $6.34
billion. 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. More information about the Company is available by visiting the investor
relations section of its website at www.chemicalbankmi.com.
This news release contains various forward-looking statements.
Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited
to, the risk factors described in the Company's filings with the SEC, including under “Risk Factors” (including the
risk factors under the heading “Risk Factors—Risks Related to the Pending Merger with Northwestern”) in the Company's
Prospectus Supplement, dated June 19, 2014, and under “Risk Factors” in the Company's Annual
Report on Form 10-K for the year ended December 31, 2013. These and other factors could cause a difference between an ultimate
outcome and a preceding forward-looking statement.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Chemical Financial Corporation next reports earnings on July 14, 2014.
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