Chemical Financial is set to have a new CEO.

The $17.6 billion-asset company said in a press release Wednesday that David Ramaker will also retire as its president during the third quarter. Ramaker, 61, has been Chemical’s president and CEO since 2002.

David Provost will succeed Ramaker as Chemical’s president and CEO. Provost, the company’s vice chairman, previously served as president and CEO of Talmer Bancorp, which was sold to Chemical last year.

David Provost is set to become president and CEO of Chemical Financial in the third quarter.

Thomas Shafer will succeed Provost as vice chairman and Ramaker at president and CEO of Chemical’s bank. Shafer, Chemical’s director of regional and community banking, had been Talmer’s chief operating officer.

Ramaker “forged many positive relationships with customers and the community during his tenure as CEO,” Franklin Wheatlake, Chemical’s lead independent director, said in the release. “We thank him for his leadership and community involvement and wish him well in his retirement.”

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