Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 14

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 14
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 with the indebtedness evidenced by the 
 subordinated notes that we or our subsidiaries may incur.                                                                                                                                                     |

| Form and Denomination | The subordinated notes will be offered in book-entry form only through the facilities of DTC in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. |

| Redemption | We may, at our option, redeem the subordinated notes, in whole but not in part, during the three months prior to and including the |

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| subordinated notes reset date, subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required under the capital adequacy rules of the Federal Reserve,                                    
 at a redemption price equal to 100% of the principal amount of the subordinated notes being redeemed, plus accrued and unpaid interest thereon, if any, to (but excluding) the redemption date. See “Description of Notes—Subordinated 
 Notes—Redemption.”                                                                                                                                                                                                                     |

| We may also redeem the subordinated notes, in whole, but not in part, at any time prior to their maturity, subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required                        
 under the capital adequacy rules of the Federal Reserve, if (i) a change or prospective change in law occurs that could prevent us from deducting interest payable on the subordinated notes for U.S. federal income tax purposes, (ii) a     
 subsequent event occurs that could preclude the subordinated notes from being recognized as Tier 2 Capital for regulatory capital purposes, or (iii) BancShares is required to register as an investment company under the Investment Company 
 Act of 1940, as amended (the “Investment Company Act”), in each case, at a redemption price equal to 100% of the principal amount of the subordinated notes, plus any accrued and unpaid interest to (but excluding) the redemption date. For 
 more information, see “Description of Notes—Subordinated Notes—Redemption.”                                                                                                                                                                   |

| Sinking Fund | There is no sinking fund for the subordinated notes. |

| Future Issuance | The subordinated notes will initially be limited to an aggregate principal amount of $750,000,000. BancShares may, from time to time, without notice to or consent of the holders of the subordinated notes, increase the aggregate principal             
 amount of the subordinated notes outstanding by issuing additional subordinated notes in the future with the same