Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 23

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 23
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 of the FDIC to transfer claims to a “bridge” entity.
As a consequence of the power of the FDIC under the orderly liquidation authority, the holders of the notes may be fully subordinated to interests held by the U.S. government and others in the event that we enter into a receivership, insolvency,
liquidation or similar proceeding. Although the FDIC has issued regulations to implement the orderly liquidation authority, not all aspects of how the FDIC might exercise this authority are known and additional rulemakings are possible. Further, it
is uncertain how the FDIC might exercise its discretion under the orderly liquidation authority in a particular case.

S-14

You may be unable to sell the notes because there is no public trading market for the notes.

The notes are a new issue of securities with no established trading market. The notes will not be listed on any securities
exchange or included in any automated quotation system. Consequently, the notes will be relatively illiquid and you may be unable to sell your notes. Although the representatives of the underwriters have advised us that, following completion of the
offering of the notes, one or more of the underwriters currently intend to make a secondary market in the notes, they are not obligated to do so and may discontinue any market-making activities at any time without notice. Accordingly, a trading
market for the notes may not develop or any such market may not have sufficient liquidity.

If a trading market for the notes develops, many factors could adversely affect the liquidity and market price of the notes.

If a trading market develops, the liquidity and prices of the
notes will depend on many factors, including, but not limited to, (i) our credit ratings with major credit rating agencies; (ii) the prevailing interest rates being paid by other companies similar to us; (iii) our financial condition,
financial performance and future prospects; (iv) the overall condition of the financial markets; (v) any redemption features of the notes; and (vi) the time remaining to maturity of the notes.

The condition of the financial markets and prevailing interest rates have fluctuated significantly in the past and may fluctuate in the
future. Such fluctuations could have an adverse effect on the liquidity and price of the notes. In addition, credit rating agencies periodically review their ratings and ratings methodologies for the companies that they follow, including us and
First Citizens Bank. A negative change in ratings or outlook could have an adverse effect on the liquidity and price of the notes. A credit rating