Chemical Financial (CHFC) in Midland, Mich., has filed a shelf registration that allows it to sell up to $100 million of securities over time.
The $6 billion-asset company's filing allows it to sell common stock, preferred stock, debt securities, depositary shares, warrants and purchase contracts in public offerings.
Chemical said in a press release Thursday that the shelf registration was designed to provide "greater flexibility to raise additional capital and take advantage of business opportunities," though the company has no specific plans in place.
