Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 80

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 80
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 no liability relating to any delay caused by our failure to timely or appropriately determine the rate of interest borne by the subordinated notes. Calculation Agent Initially we have appointed U.S. Bank Trust Company, National Association as the calculation agent for the subordinated notes. We or an affiliate of ours may assume the duties of the calculation agent. Paying Agent We may appoint one or more financial institutions to act as our paying agents, at whose designated offices the subordinated notes in non-globalform may be surrendered for payment at their maturity. We call each of those offices a paying agent. We may add, replace, or terminate paying agents from time to time. We may also choose to act as our own paying agent. Initially, we have appointed the Trustee, at its principal corporate trust office at U.S. Bank Trust Company, National Association, 214 North Tryon Street, 27th Floor, Charlotte, NC 28202, as the paying agent for the subordinated notes. S-51

Governing Law

The Subordinated Indenture provides that the subordinated notes will be governed by, and construed in accordance with, the laws of the State of
New York.

Clearance and Settlement

The subordinated notes will be represented by one or more global certificates, which we refer to individually as a “Global subordinated
note” and collectively as the “Global subordinated notes,” deposited with or on behalf of DTC and registered in the name of Cede & Co. or another nominee of DTC. The subordinated notes will be available for purchase in
minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof in book-entry form only. So long as DTC or any successor depositary, which we refer to collectively as the “Depositary,” or its nominee is the
registered owner of the Global subordinated notes, the Depositary, or such nominee, as the case may be, will be considered to be the sole owner or holder of the subordinated notes for all purposes of the Subordinated Indenture. Beneficial interests
in the Global subordinated notes will be represented through book-entry accounts of financial institutions acting on behalf of beneficial owners as direct and indirect participants in DTC. Investors may not elect to receive a certificate
representing their subordinated notes while the subordinated notes are held by the Depositary. Investors may elect to hold interests in the Global subordinated notes through DTC either directly if they are participants in DTC or indirectly through
organizations