Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 14

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 14
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 otherwise will generally be subject to the prior claims of creditors of that subsidiary. Your ability as a holder of the Notes to benefit indirectly from that distribution will also be subject to these prior claims. The Notes are not
guaranteed by any of BancShares’ subsidiaries. As a result, the Notes will be structurally subordinated to all existing and future liabilities and obligations of BancShares’ subsidiaries, including deposits, which means that
BancShares’ subsidiaries’ creditors will be paid from BancShares’ subsidiaries’ assets before holders of the Notes would have any claims to those assets. Therefore, you should look only to BancShares’ assets for
payments on the Notes. At June 30, 2025, the aggregate amount of all debt and other liabilities of BancShares’ subsidiaries, including deposits, was approximately $206.79 billion (including intercompany indebtedness).
BancShares’ subsidiaries may incur additional debt and liabilities in the future, all of which would rank structurally senior to the Notes. See “Capitalization” below for our outstanding debt as adjusted to give effect to this
offering.

The Notes will be effectively subordinated to all of our and our subsidiaries’ secured indebtedness.

The Notes will be effectively subordinated in right of payment to all of BancShares’ and its subsidiaries’ existing and future
secured debt, to the extent of the value of the assets securing such debt, which amount was $36.46 billion, including the Purchase Money Note, at June 30, 2025. In the event that BancShares is declared bankrupt, becomes insolvent or is
liquidated or reorganized, all debt that ranks ahead of the Notes will be entitled to be paid in full from BancShares’ assets before any payment may be made with respect to the Notes. Holders of the Notes will participate ratably with all
holders of BancShares’ unsecured indebtedness that is deemed to be of

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the same ranking as the Notes, and potentially with all of BancShares’ other general creditors, based upon the respective amounts owed to each holder or creditor, in BancShares’
remaining assets. In any of the foregoing events, BancShares may not have sufficient assets to pay amounts due on the Notes. As a result, if holders of the Notes receive any payments, they may receive less, ratably, than holders of secured
indebtedness and may not receive 100% of the outstanding principal amount and accrued and unpaid interest of the Notes.

The Notes are