Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 75

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 75
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 with the consent of holders of the subordinated notes which are discussed herein or modify any provisions relating to the waiver by holders of the subordinated notes of past defaults and covenants, except to increase any required percentage or to 
 provide that other provisions of the Subordinated Indenture cannot be modified or waived without the consent of the holder of each outstanding subordinated note affected thereby.                                                                     |

In addition, the holders of a majority in aggregate principal amount of the outstanding subordinated notes may, on behalf of all holders of subordinated notes, waive compliance by us with terms, conditions, and provisions of the Subordinated Indenture, as well as any past default and the consequences of the default, other than any default in the payment of principal or interest or any breach in respect of a covenant or provision that cannot be modified or amended without the consent of the holder of each outstanding subordinated note. In addition, we and the Trustee may modify and amend the Subordinated Indenture without the consent of any holders of subordinated notes for any of the following purposes:

| • |     | to evidence the succession of another person to BancShares as obligor under the Subordinated Indenture; |

S-48

| • |     | to add to the covenants of BancShares or events of default for the benefit of the holders of the subordinated                                                                                                                             
 notes or to surrender any right or power conferred upon BancShares in the Subordinated Indenture or to make any change that does not adversely affect any holder’s legal rights under the Subordinated Indenture in any material respect; |

| • |     | to add to, change, or eliminate any provisions of the Subordinated Indenture, if the addition, change, or                                                                                 
 elimination becomes effective only when there are no debt securities outstanding of any series issued under the Subordinated Indenture that are entitled to the benefit of the provision; |

| • |     | to establish the form or terms of the subordinated notes; |

| • |     | to cure any ambiguity or omission or correct any defect or inconsistency in the Subordinated Indenture, or to                                                        
 conform the text of the Subordinated Indenture or the subordinated notes to the description of the subordinated notes in the prospectus supplement relating thereto; |

| • |     | to evidence the acceptance of appointment by a successor trustee; |

| • |     | to effect or maintain the qualification of the Subordinated Indenture under the Trust Indent