Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 1

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 1
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 date to (but excluding) the subordinated notes maturity date at a rate per annum which will be the Five-year U.S. Treasury Rate as of the subordinated notes reset determination date (as such terms are defined herein) plus basis points per annum, in each case, payable semiannually in arrears on and of each year, commencing on , 2025, and ending on the subordinated notes maturity date. We may, at our option, redeem the senior notes, at the applicable times and at the applicable redemption price set forth under “Description of Notes—Senior Notes—Redemption,” and we may, at our option, redeem the subordinated notes at the applicable times and at the applicable redemption price set forth under “Description of Notes—Subordinated Notes—Redemption.” Holders of any notes redeemed will also receive accrued and unpaid interest thereon to (but excluding) the date of redemption. The notes will not be subject to repayment at the option of the holder at any time prior to maturity and will not be entitled to any sinking fund. The senior notes will be unsecured and unsubordinated obligations of First Citizens BancShares, Inc., a Delaware corporation (“BancShares”), will rank equally in right of payment with all of our other unsecured and unsubordinated indebtedness and will rank senior in right of payment to all of our existing and future subordinated indebtedness, including the subordinated notes. The subordinated notes will be unsecured and subordinated in right of payment to our existing and future Senior Indebtedness (as defined herein), including the senior notes, will rank equally in right of payment with all of our existing and future indebtedness ranking on a parity with the subordinated notes and will be senior in right of payment to any liabilities and other obligations of BancShares that rank junior to and not equally with or prior to the subordinated notes. The notes will not be guaranteed by any of our subsidiaries and, as a result, the notes will be structurally subordinated to the existing and future indebtedness of our subsidiaries, including, without limitation, the deposits of First Citizens Bank & Trust Company, liabilities to general creditors and liabilities arising in the ordinary course of business or otherwise. See “Description of Notes” in this prospectus supplement. The notes will be issued only in registered book-entry form, in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. Prior to this offering, there has been no public market for the notes. The notes will not