Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 11

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 11
---
First Supplemental Indenture”). We refer to the Senior Base Indenture, as supplemented by the First Supplemental Indenture, as the “Senior Indenture.”               |

| No Guarantees | The senior notes will not be guaranteed by any of our subsidiaries. As a result, the senior notes will be structurally subordinated to the liabilities of BancShares’ subsidiaries as discussed below under “Description of 
 Notes—Senior Notes—Ranking; Structural Subordination.”                                                                                                                                                                      |

| Ranking; Structural Subordination | The senior notes will be unsecured and unsubordinated obligations, will rank equally in right of payment with all of our other unsecured and unsubordinated indebtedness, will rank senior in right of payment to our existing and future               
 subordinated indebtedness, including the subordinated notes, will be effectively subordinated in right of payment to our future secured indebtedness, to the extent of the value of the collateral securing such indebtedness, and will be structurally 
 subordinated to the existing and future indebtedness of BancShares’ subsidiaries.                                                                                                                                                                       |

| As of December 31, 2024, BancShares’ subsidiaries had, in the aggregate, outstanding debt and other liabilities, including deposits, of approximately $201.64 billion (including intercompany indebtedness).                                
 All of such debt and other liabilities would rank structurally senior to the senior notes in case of liquidation or otherwise. This amount includes secured indebtedness of $36.36 billion, including a $35.99 billion note issued by First 
 Citizens Bank to the FDIC in connection with the SVBB Acquisition that matures on March 27, 2028 (the “Purchase Money Note”).                                                                                                               |

| The Senior Indenture pursuant to which we will issue the senior notes does not limit the amount of additional indebtedness BancShares or its subsidiaries may incur. |

| Form and Denomination | The senior notes will be offered in book-entry form only through the facilities of The Depository Trust Company (with its successors, “DTC”) in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. |

| Redemption | On or after   , 2025 (180 days after the senior notes issue date) (or, if additional senior notes are issued, beginning 180 days after the issue date of such additional notes), and prior to   , 20   (one year                             
 prior to the senior notes maturity date) (the “sen