Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 73

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 73
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 administrative pronouncement, ruling, regulatory procedure, regulation, notice or announcement, including any notice or announcement of          
 intent to adopt or promulgate any ruling, regulatory procedure, or regulation (any of the foregoing, an “administrative or judicial action”); or (c) an amendment to or change in any official position with respect to, or any                         
 interpretation of, an administrative or judicial action or a law or regulation of the United States that differs from the previously generally accepted position or interpretation, in each case, which change or amendment or challenge becomes        
 effective or which pronouncement, or decision or challenge is announced on or after the subordinated notes issue date, there is more than an insubstantial risk that interest payable by us on the subordinated notes is not, or, within 90 days of the 
 date of such opinion, will not be, deductible by us, in whole or in part, for U.S federal income tax purposes;                                                                                                                                          |

| • |     | a “Tier 2 Capital Event,” defined in the Subordinated Indenture to mean our good faith determination                                                                                                                                              
 that, as a result of (a) any amendment to, or change in, the laws, rules, or regulations of the United States (including, for the avoidance of doubt, any agency or instrumentality of the United States, including the Federal Reserve and other 
 federal bank regulatory agencies) or any political subdivision of or in the United States that is enacted or becomes effective after the subordinated notes issue date; (b) any proposed change in those laws, rules or regulations that is       
 announced or becomes effective after the subordinated notes issue date; or (c) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws, rules,     
 regulations, policies, or guidelines with respect thereto that is announced after the subordinated notes issue date, there is more than an insubstantial risk that we will not be entitled to treat the subordinated                              |

S-45

| notes then outstanding as “Tier 2 Capital” (or its equivalent) for purposes of the capital adequacy rules or regulations of the Federal Reserve (or any successor appropriate federal 
 banking agency) as then in effect and applicable to us, for so long as any subordinated notes are outstanding; or                                                                     |

| • |     | BancShares becoming required to register as an investment company pursuant to the Investment Company Act. |

Our actions and determinations in determining the redemption price shall be conclusive and binding for