Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 17

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 17
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 amount of $    . BancShares may, from time to time, without notice to or consent of the holders of the subordinated notes, increase the                                     
 aggregate principal amount of the subordinated notes outstanding by issuing additional subordinated notes in the future with the same terms as the subordinated notes, except for the issue date, the offering price, and the first subordinated notes 
 interest payment date, and such additional notes may be consolidated with the subordinated notes issued in this offering and form a single series; provided that, if any such additional subordinated notes are not fungible with the                  
 subordinated notes for U.S. federal income tax purposes, such additional subordinated notes will have a separate CUSIP or other identifying number.                                                                                                    |

S-9

| Use of Proceeds | We estimate that the net proceeds from this offering of the subordinated notes will be approximately $    , after deducting the underwriting discounts and our estimated offering expenses. We intend to use the net proceeds 
 of this offering of the subordinated notes for general corporate purposes. See “Use of Proceeds.”                                                                                                                             |

| Events of Default | Certain events of bankruptcy, insolvency or receivership relating to us will be events of default with respect to the subordinated notes. |

| If an event of default has occurred, the principal of and accrued but unpaid interest on the subordinated notes will automatically, and without any declaration or other action on the part of the Trustee or any holder of 
 subordinated notes, become immediately due and payable.                                                                                                                                                                     |

| 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 will not constitute an event of 
 default under the Subordinated Indenture and will not give rise to any right of acceleration.                                                                                                                           |

| See “Description of Notes—Subordinated Notes—Events of Default; Notices of Default” in this prospectus supplement. |

| Listing | The subordinated notes will not be listed on any securities exchange or quoted on any quotation system. Currently, there is no market for the subordinated notes, and there is no assurance that any public market for the subordinated notes will 
 develop or be sustained following this offering.                                                                                                                                                                                                   |

| U.S. Federal Income Tax Considerations | For a discussion of material U.S. federal income tax considerations of purchasing, owning, and disposing