Company: FCNCB
Filing Date: 2025-04-07
Form Type: 8-K
Source: 0000798941-25-000016
Chunk: 1

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-04-07
Form: 8-K
Item: Item 1.02
Chunk 1
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 by FCB’s determination that the likelihood of reaching the $5 billion loss threshold during the five-year period covered by the Shared Loss Agreement was remote. Additionally, the Termination Agreement will eliminate the reporting responsibilities associated with the Shared-Loss Agreement.

The foregoing summaries of the Shared-Loss Agreement, the Purchase Money Note, and the Termination Agreement are not complete and are qualified in their entirety by reference to the full text of the Shared-Loss Agreement, previously filed as Exhibit 10.1 to BancShares’ Current Report on Form 8-K on March 31, 2023, the Purchase Money Note, previously filed as Exhibit 4.1 to BancShares’ Current Report on Form 8-K on November 27, 2023, and the Termination Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.