Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 76

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 76
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 the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the subordinated notes. However, the Trustee may refuse to follow any direction that conflicts with law or the Subordinated Indenture or that may involve the Trustee in personal liability. In addition, the Trustee may take any other action it deems proper that is not inconsistent with any such direction received from the holders of the subordinated notes. No holder of subordinated notes will have any right to institute any proceeding, judicial or otherwise, with respect to the Subordinated Indenture or a subordinated note, or for the appointment of a receiver or trustee, or for any other remedy under the Subordinated Indenture, unless:

| • |     | such holder has previously given written notice to the Trustee of a continuing event of default with respect to 
 the subordinated notes;                                                                                         |

| • |     | the holders of not less than 25% in aggregate principal amount of the outstanding subordinated notes have made                                           
 written request to the Trustee to institute proceedings in respect of such event of default in its own name as Trustee under the Subordinated Indenture; |

| • |     | such holder or holders have offered to the Trustee reasonable security or indemnity satisfactory to the Trustee 
 against the costs, expenses, and liabilities to be incurred in compliance with such request;                    |

| • |     | the Trustee for 60 days after its receipt of such notice, request and offer of reasonable security or indemnity 
 has failed to institute any such proceeding; and                                                                |

| • |     | no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the holders of a majority in principal amount of the outstanding subordinated notes. |

In any event, the Subordinated Indenture provides that no holders of subordinated notes shall have any right to affect, disturb or prejudice the rights of any other holders, or to obtain or to seek to obtain priority or preference over any other holders or to enforce any right under the Subordinated Indenture, except in the manner provided in the Subordinated Indenture and for the equal and ratable benefit of all holders. The Subordinated Indenture requires the Trustee to notify the holders of the subordinated notes within 90 days regarding the existence of any default in payment of principal of or interest on any subordinated note, and any other default of which the Trustee has received written notice