CHFC 2018 Annual Report

LOOKING FORWARD There’s a great saying that “success is when preparation meets opportunity,” and our recent announcement of the proposed merger of equals with TCF Financial is the culmination of our team’s dedicated work over the last several years that prepared us to take advantage of this opportunity. The merger of equals between Chemical Financial and TCF Financial will create a combined company with approximately $45 billion in assets, $34 billion in deposits and more than 500 branches across nine states. The merger is expected to close in the late third or early fourth quarter of 2019, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company. In the near future, we will be sending you a detailed proxy statement describing our proposed merger with TCF Financial, and we encourage you to read it carefully. On behalf of our entire team we would like to thank you for your continued support and your trust in our ability to improve the lives of every person we serve including our customers, our team members and our shareholders, and we look forward to sharing our successes with you throughout the year. Sincerely, Gary Torgow David T. Provost Chairman of the Board President and Chief Executive Officer