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The Dividend Freeze

Fri, 11 Sep 2009 17:30:00 GMT

As summer turns to fall and the heat begins to moderate, winter and its freezing temperatures are just around the corner. However, some companies have been frozen in place for the last year; more specifically, their dividends have been frozen at the same rate for more than a year.[More...]

Chemical Financial Q2 Net Income Slips

Tue, 28 Jul 2009 16:25:00 GMT

Chemical Financial has reported a net income of $2.3 million, or $0.10 per diluted share, for the second quarter ended June 30, 2009, versus $9.6 million, or $0.40 per diluted share, for the second quarter ended June 30, 2008.
The net interest margin on a tax-equivalent basis in the second quarter of 2009 was 4%, down slightly from 4.11% in the same quarter of 2008.
Net income was $5 million, or $0.21 per diluted share, for the first six months ended June 30, 2009, compared to $19.3 million, or $0.81 per diluted share, for the first six months ended June 30, 2008.

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Chemical Financial Q1 Earnings Drop

Tue, 21 Apr 2009 09:56:00 GMT

Chemical Financial has reported a net income of $2.72 million, or $0.11 per share, for the first quarter ended March 31, 2009, versus $9.67 million, or $0.41 per share, for the first quarter ended March 31, 2008.
The net interest margin on a tax-equivalent basis in the first quarter of 2009 was 4.06%, up from 3.94% in the comparable quarter of 2008.
Total assets were $3.97 billion at March 31, 2009, up from $3.8 billion at March 31, 2008.

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State Gains Little in Bank Bailout: Some Say No to Share of Billions; No Proof of Lending

Thu, 12 Feb 2009 13:50:00 GMT

Feb. 12--Four months after billions of taxpayer dollars began pouring into many of the country's banks, Michigan has yet to see any major tangible benefits from the government bailout program.
And the large national and regional banks that got the most money aren't able to show that they've used the money to increase lending in the state.
In Michigan, experts said that unless things change, the money won't significantly help businesses and consumers obtain loans as the government intended.

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Bottomline Technologies Reports Fourth Quarter Results

Wed, 05 Aug 2009 20:50:00 GMT

Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today reported financial results for the fourth quarter and fiscal year ended June 30, 2009.
Core net income for the fourth quarter was $5.3 million after excluding acquisition-related expenses of $4.1 million and equity-based compensation and restructuring expenses of $4.7 million.
"We had a very strong fourth quarter in terms of both reported financial results and strategic advancement," said Rob Eberle, President and CEO of Bottomline Technologies.

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"MICH AGAIN" Campaign Envisions State Renewal; Chemical Bank Confident That Innovation, Hard Work, Sound Investment Will Fuel Michigan's Economic Comeback

Mon, 03 Aug 2009 13:51:00 GMT

MIDLAND, Mich., Aug. 3, 2009 (GLOBE NEWSWIRE) -- The Chemical Bank "MICH AGAIN" campaign launched today with a bold statement of renewal for the State of Michigan.
"This is a conscious effort to change the way people think and talk about Michigan," said Chemical Bank Chairman, President, and CEO David B. Ramaker.
It lies in our innovation, our work ethic, our entrepreneurs and our communities.

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"MICH AGAIN" Campaign Envisions State Renewal

Mon, 03 Aug 2009 12:11:00 GMT

The Chemical Bank 'MICH AGAIN' campaign launched today with a bold statement of renewal for the State of Michigan. The ad campaign, which includes print, outdoor, radio, web and in-branch marketing, invites the public to rediscover what makes this state great.[More...]

Chemical Financial Corporation Announces Third Quarter Cash Dividend

Mon, 27 Jul 2009 12:05:00 GMT

Chemical Financial Corporation today announced the Board of Directors of the Company declared a third quarter 2009 cash dividend of $0.295 per share of common stock. The third quarter 2009 dividend will be payable on Friday, September 18, 2009 to shareholders of record on September 4, 2009. The ex-dividend date is September 2, 2009.[More...]

Chemical Financial Corporation Reports Second Quarter 2009 Earnings

Mon, 27 Jul 2009 11:46:00 GMT

Chemical Financial Corporation today announced 2009 second quarter net income of $2.3 million, or $0.10 per diluted share, versus net income of $9.6 million, or $0.40 per diluted share, in the second quarter of 2008.[More...]

Chemical Financial Corporation Announces Second Quarter Cash Dividend

Mon, 20 Apr 2009 13:49:00 GMT

MIDLAND, Mich., April 20, 2009 (GLOBE NEWSWIRE) -- Chemical Financial Corporation (Nasdaq:CHFC) today announced that on April 17, 2009, the Board of Directors of the Company declared a second quarter 2009 cash dividend of $0.295 per share of common stock.
Chemical Financial Corporation is the third largest bank holding company headquartered in Michigan.
Chemical Financial Corporation common stock trades on The Nasdaq Stock Market under the symbol CHFC and is one of the issues comprising the Nasdaq Global Select Market.

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Chemical Financial Corporation Reports First Quarter 2009 Earnings

Mon, 20 Apr 2009 11:47:00 GMT

MIDLAND, Mich., April 20, 2009 (GLOBE NEWSWIRE) -- Chemical Financial Corporation (Nasdaq:CHFC) today announced 2009 first quarter net income of $2.7 million, or $0.11 per diluted share, versus net income of $9.7 million, or $0.41 per diluted share, in the first quarter of 2008.
Michigan's economy continued to have an adverse effect on our loan portfolio, resulting in charge-offs of $8.5 million and an increase in our allowance for loan losses of an additional $5.5 million, bringing the total provision for loan losses in the first quarter to $14.0 million," said David B. Ramaker, Chairman, President and Chief Executive Officer.
Net interest income was $36.6 million in the first quarter of 2009, an increase of $2.2 million, or 6.4 percent, from first quarter 2008 net interest income of $34.4 million.

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Chemical Financial Corporation Reports Fourth Quarter 2008 Results

Mon, 26 Jan 2009 11:30:00 GMT

Chemical Financial Corporation today announced fourth quarter 2008 net income of $1.6 million, or $0.06 per diluted share, versus net income of $9.8 million, or $0.41 per diluted share, in the fourth quarter of 2007.[More...]

Chemical Financial Corporation Announces First Quarter Cash Dividend

Wed, 21 Jan 2009 11:55:00 GMT

Chemical Financial Corporation today announced that on January 20, 2009, the Board of Directors of the Company declared a first quarter 2009 cash dividend of $0.295 per share of common stock. The first quarter 2009 dividend will be payable on Friday, March 20, 2009 to shareholders of record on March 6, 2009. The ex-dividend date is March 4, 2009.[More...]

CORRECTION -- Chemical Financial Corporation Voluntarily Declines Participation in TARP Capital Purchase Program

Thu, 18 Dec 2008 18:40:00 GMT

In a release issued by Chemical Financial Corporation earlier today under the same headline, the telephone number for David B. Ramaker reading '989-838-5269' should read '989/839-5269.'[More...]