Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 72

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 72
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 respect of the subordinated notes:

| • |     | our default in the payment of any interest upon the subordinated notes, when such interest becomes due and 
 payable, and continuance of such default for a period of 30 days;                                          |

| • |     | our default in the payment of the principal of the subordinated notes when due, whether at maturity, upon                                                                                                                  
 redemption, by acceleration or otherwise, and continuance of such default for a period of 30 days (whether or not payment thereof is permitted pursuant to the subordination provisions of the Subordinated Indenture); or |

S-46

| • |     | our default in the performance, or breach, of any covenant or agreement in the Subordinated Indenture applicable                                                                                                                                        
 to us, and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to us by the Trustee or to us and the Trustee by the holders of at least 25% in aggregate principal amount of the 
 outstanding senior notes, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a notice of default under the Subordinated Indenture.                                                      |

There is no right of acceleration in the case of a default in the payment of principal of or interest on the subordinated notes or in our performance of any other obligation under the subordinated notes or the Subordinated Indenture.However, if any of the foregoing additional events of default occurs, then the Trustee may, subject to certain limitations and conditions and the subordination provisions of the Subordinated Indenture, exercise all remedies otherwise permitted by applicable law. The Subordinated Indenture provides that the Trustee will be under no obligation to exercise any remedy under the Subordinated Indenture at the request or direction of any of the holders of subordinated notes unless such holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses, and liabilities which may be incurred by it in complying with such request or direction. Subject to the foregoing and certain other rights of the Trustee, the holders of a majority in principal amount of the outstanding subordinated notes will have the right to direct the time, method, and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the subordinated notes. However, the Trustee may refuse to follow any direction