Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 88

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 88
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 in this subsection concerning DTC and its book-entry system has been obtained from sources that we believe to be accurate, but
we assume no responsibility for the accuracy thereof.

Trustee

U.S. Bank Trust Company, National Association will act as Trustee under the Subordinated Indenture.

Notices

Any notices required to be given
to the holders of the subordinated notes will be given to the Trustee. Notwithstanding any other provision of the Subordinated Indenture or any subordinated note, where the Subordinated Indenture or any subordinated note provides for notice of any
event or any other communication (including any notice of redemption or repurchase) to a holder of a subordinated note (whether by mail or otherwise), such notice shall be sufficiently given if given to DTC (or its designee) pursuant to the
applicable procedures from DTC or its designee, including by electronic mail in accordance with accepted practices at DTC.

S-54

MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS

General

The following is a
general summary of certain material U.S. federal income tax consequences of the acquisition, ownership and disposition of the notes applicable to U.S. and non-U.S. holders (as defined below) who acquire notes
pursuant to this offering at their original “issue price” (the first price at which a substantial amount of the notes is sold for cash (excluding sales to bond houses, brokers, or similar persons or organizations acting in the capacity of
underwriters, placement agents or wholesalers)). This summary is based on the Internal Revenue Code of 1986, as amended, which we refer to as the “Code,” U.S. Treasury regulations promulgated thereunder, judicial opinions, published
positions of the IRS and other applicable authorities, each as in effect as of the date hereof. These authorities are subject to change or differing interpretations (possibly with retroactive effect), and any such change or interpretation could
affect the accuracy of the statements and conclusions set forth herein.

This summary is for general information only and does not address
all aspects of U.S. federal income taxation that may be relevant to a particular investor in light of that investor’s individual circumstances, nor does it address the effects of any state, local or
non-U.S. tax laws or any U.S. federal estate, gift, generation-skipping transfer or alternative minimum tax considerations. This discussion deals only with notes held as “capital assets” within the