EXHIBIT 5
Opinion of Counsel
Lansing 313 S. Washington Square Lansing MI 48933 Detroit 333 W. Fort Street - Suite 1400 Detroit MI 48226 | Southfield 28411 Northwestern Highway, Suite 500 Southfield MI 48034 Holland 151 Central Avenue - Suite 260 Holland MI 49423 | Grand Rapids 1700 E. Beltline NE - Suite 200 Grand Rapids MI 49525 St. Joseph 800 Ship Street - Suite 105 St. Joseph MI 49085 |
Walter S. Foster 1878-1961 Richard B. Foster 1908-1996 Theodore W. Swift 1928-2000 John L. Collins 1926-2001 Webb A. Smith Scott A. Storey Charles A. Janssen Charles E. Barbieri Scott L. Mandel Michael D. Sanders Brent A. Titus Brian G. Goodenough | Matt G. Hrebec Deanna Swisher Thomas R. Meagher Douglas A. Mielock Scott A. Chernich Paul J. Millenbach Dirk H. Beckwith Brian J. Renaud Lynwood P. VandenBosch Lawrence Korolewicz James B. Doezema Anne M. Seurynck Michael D. Homier Scott H. Hogan Richard C. Kraus Benjamin J. Price Michael R. Blum | Jonathan J. David Andrew C. Vredenburg Julie I. Fershtman Todd W. Hoppe Jennifer B. Van Regenmorter Thomas R. TerMaat Frederick D. Dilley David R. Russell Joel C. Farrar Laura J. Genovich Karl W. Butterer, Jr. Mindi M. Johnson Ray H. Littleton, II Jack L. VanCoevering Anna K. Gibson Patricia J. Scott Nicholas M. Oertel | Alicia W. Birach Adam A. Fadly Michael J. Liddane Ryan E. Lamb Clifford L. Hammond Mathew S. Fedor Andrea Badalucco John W. Mashni Stephanie Gismondi Leslie A. Abdoo Julie L. Hamlet Michael C. Zahrt Gilbert M. Frimlet Stephen W. Smith Mark T. Koerner Warren H Krueger, II Sarah J. Gabis | Amanda Afton Martin Steven J Tjapkes Jacqueline A Dupler Daniel S. Zick Scott R. Forbush Taylor A. Gast Rachel G. Olney Tyler J. Olney Mark J. DeLuca Thomas K. Dillon Robert A. Easterly Robert A. Hamor Michael A. Cassar Hilary J. McDaniel Stafford Emily R. Wisniewski Amanda J Dernovshek Lydia H. Kessler | Brandon M. H. Schumacher Alexander J. Thibodeau Cody A. Mott Alaina M. Nelson Caroline N. Renner Joseph B. Gale Sydney T. Steele DeVaughn J. Swanson Kaitlyn E. Manley Katherine A. Ruttkofsky Anthony M. Dalimonte Jim W. Scales Mariah M. Silverstein Benjamin C. Dilley |
Phone: | 517.371.8100 | Fax: | 517.371.8200 | Reply To: | Lansing |
February 25, 2022
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 50,000 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 50,000 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.