EXHIBIT 5
Opinion of Counsel
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Lansing 313 S. Washington Square Lansing MI 48933
Detroit 333 W. Fort Street - 11th Floor Detroit MI 48226 | | Farmington Hills 32300 Northwestern Highway - Suite 230 Farmington Hills MI 48334
Holland 151 Central Avenue - Suite 260 Holland MI 49423 | | Grand Rapids 1700 E. Beltline NE - Suite 200 Grand Rapids MI 49525 |
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Walter S. Foster 1878-1961 Richard B. Foster 1908-1996 Theodore W. Swift 1928-2000 John L. Collins 1926-2001
Webb A. Smith Allan J. Claypool Gary J. McRay Stephen I. Jurmu Scott A. Storey Charles A. Janssen Charles E. Barbieri James B. Jensen, Jr. Scott L. Mandel | | Michael D. Sanders Brent A. Titus Stephen J. Lowney Jean G. Schtokal Brian G. Goodenough Matt G. Hrebec Melissa J. Jackson Nancy L. Kahn Deanna Swisher Thomas R. Meagher Doug A. Mielock Scott A. Chernich Paul J. Millenbach Dirk H. Beckwith Brian J. Renaud Bruce A. Vande Vusse Lynwood P. VandenBosch Lawrence Korolewicz | | James B. Doezema Anne M. Seurynck Richard L. Hillman Steven L. Owen John P. Nicolucci Michael D. Homier Randall L. Harbour David M. Lick Scott H. Hogan Richard C. Kraus Benjamin J. Price Ronald D. Richards, Jr. Frank T. Mamat Michael R. Blum Norman E. Richards Jonathan J. David Frank H. Reynolds Pamela C. Dausman | | Andrew C. Vredenburg John M. Kamins Jack A. Siebers Julie I. Fershtman Todd W. Hoppe Iris K. Linder Jennifer B. Van Regenmorter Thomas R. TerMaat Samuel J. Frederick Frederick D. Dilley John W. Inhulsen Alexander A. Ayar David R. Russell Zachary W. Behler Joshua K. Richardson Joel C. Farrar Seth A. Drucker Laura J. Genovich | | Liza C. Moore Glen A. Schmiege Gilbert M.Frimet Mark J. Colon Paul D. Yared Ryan E. Lamb Karl W. Butterer, Jr. Lisa J. Hamameh Barbra E. Homier Mindi M. Johnson Anna K. Gibson Nichole J. Derks Patricia J. Scott Lindsey E. Bosch Nicholas M. Oertel Nicole E. Stratton Lauren B. Dunn Alicia W. Birach | | Archana R. Rajendra Ray H. Littleton, II Joseph J. Viviano John W. Mashni Adam A. Fadly Allison M. Collins Leslie A. Dickinson Julie C. LaVille Emory D. Moore Michael C. Zahrt |
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| Writer's Direct Phone: | (517) 371-8100 | Fax: | (517) 371-8200 | Reply To: | Lansing | E-Mail: | mhrebec@fosterswift.com |
March 23, 2015
Isabella Bank Corporation
401 N. Main St.
Mt. Pleasant, MI 48858
Ladies and Gentlemen:
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| RE: | Isabella Bank Corporation |
| | Registration Statement on Form S-3 |
You have requested our opinion as counsel to Isabella Bank Corporation, a Michigan corporation, in connection with a Registration Statement filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, on Form S-3. The Registration Statement relates to the offering of 350,000 shares of Isabella Bank Corporation common stock to be issued to stockholders in connection with the Isabella Bank Corporation Stockholder Dividend Reinvestment and Employee Stock Purchase Plan.
Based upon such examination and upon examination of such other instruments and records as we deem necessary, we are of the opinion that:
1. The Corporation has been duly incorporated under the laws of the state of Michigan, and is validly existing and in good standing under the laws of that state.
2. The 350,000 shares of common stock covered by the Registration Statement have been legally authorized; and when such shares have been duly delivered to stockholders against payment therefore as contemplated by the Isabella Bank Corporation Stockholder Dividend Reinvestment and Employee Stock Purchase Plan, such shares will be legally issued, fully paid and nonassessable.
This opinion is furnished for use as an Exhibit to the Registration Statement. We hereby consent to the filing of this opinion as an Exhibit to the Registration Statement and to the reference to us in the Prospectus under the heading “Legal Opinion”.
FOSTER, SWIFT, COLLINS & SMITH, P.C.
/s/ Foster, Swift, Collins & Smith, P.C.
