Exhibit 5
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Lansing | | Farmington Hills | | Grand Rapids |
313 S. Washington Square | | 32300 Northwestern Highway - Suite 230 | | 1700 E. Beltline NE - Suite 200 |
Lansing MI 48933 | | Farmington Hills MI 48334 | | Grand Rapids MI 49525 |
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Marquette | | Detroit | | Holland |
205 S. Front Street - Suite 2D | | 333 W. Fort Street - 11th Floor | | 151 Central Avenue - Suite 260 |
Marquette MI 49855 | | Detroit MI 48226 | | Holland MI 49423 |
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Walter S. Foster 1878-1961 | | Sherry A. Stein Brent A. Titus | | Lawrence Korolewicz James B. Doezema | | Nicholas B. Missad Frank H. Reynolds | | Mark J. Colon Peter R. Tolley | | Janene McIntyre David R. Russell |
Richard B. Foster 1908-1996 | | Robert E. McFarland Stephen J. Lowney | | Anne M. Seurynck Richard L. Hillman | | Pamela C. Dausman Andrew C. Vredenburg | | Paul D. Yared Ryan E. Lamb | | Mindi M. Johnson Lauren B. Dunn |
Theodore W. Swift 1928-2000 | | Jean G. Schtokal Brian G. Goodenough | | Steven L. Owen Jennifer Kildea Dewane | | John M. Kamins Jack A. Siebers | | John W. Inhulsen Zachary W. Behler | | Lindsey E. Smith Alicia W. Birach |
John L. Collins 1926-2001 | | Matt G. Hrebec Eric E. Doster | | John P. Nicolucci Michael D. Homier | | Julie I. Fershtman Todd W. Hoppe | | Alexander A. Ayar Joshua K. Richardson | | Archana R. Rajendra Ray H. Littleton, II |
| | Melissa J. Jackson | | Keith A. Castora | | Johanna M. Novak | | Joel C. Farrar | | |
Webb A. Smith | | Nancy L. Kahn | | Randall L. Harbour | | Iris K. Linder | | Andrew W. Erlewein | | Of Counsel |
Allan J. Claypool | | Deanna Swisher | | David M. Lick | | Jennifer B. Van Regenmorter | | Laura J. Garlinghouse | | Lawrence B. Lindemer |
Gary J. McRay | | Thomas R. Meagher | | Scott H. Hogan | | Thomas R. TerMaat | | Anna K. Gibson | | David VanderHaagen |
Stephen I. Jurmu | | Douglas A. Mielock | | Richard C. Kraus | | Samuel J. Frederick | | Liza C. Moore | | Allan O. Maki |
Scott A. Storey | | Scott A. Chernich | | Benjamin J. Price | | Frederick D. Dilley | | Nichole J. Derks | | Dana M. Bennett |
Charles A. Janssen | | Paul J. Millenbach | | Ronald D. Richards, Jr. | | Glen A. Schmiege | | Patricia J. Scott | | |
Charles E. Barbieri | | Dirk H. Beckwith | | Frank T. Mamat | | Michael G. Harrison | | Lindsey E. Bosch | | |
James B. Jensen, Jr. | | Brian J. Renaud | | Michael R. Blum | | Frederick B. Bellamy | | Nicholas M. Oertel | | |
Scott L. Mandel | | Bruce A. Vande Vusse | | Norman E. Richards | | Joseph E. Kozely | | Erica E.L. Huddas | | |
Michael D. Sanders | | Lynwood P. VandenBosch | | Jonathan J. David | | Gilbert M. Frimet | | Nicole E. Stratton | | |
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Phone: (517) 371-8100 | | Fax: (517) 371-8200 | | ReplyTo: Lansing |
May 30, 2012
Isabella Bank Corporation
401 North Main Street
Mt. Pleasant, MI 48858
Ladies and Gentlemen:
RE: | Registration Statement on Form S-8 |
In connection with the proposed registration of 30,000 shares of common stock of Isabella Bank Corporation (the “Company”) covered by the above-captioned Registration Statement, we have examined the Company’s Articles of Incorporation, Bylaws, Corporate Minute Book and the Registration Statement to be filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended.
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 Company 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 30,000 shares of common stock covered by this Registration Statement have been legally authorized and when such shares have been duly delivered to employees 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.
Very truly yours,
FOSTER SWIFT COLLINS & SMITH PC
/s/ Foster, Swift, Collins & Smith, P.C.
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