Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 17

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 17
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. There are statutory and regulatory
limitations on the payment of dividends by First Citizens Bank to BancShares. First Citizens Bank may not, without prior regulatory approval, pay a dividend in an amount greater than its undivided profits. If First Citizens Bank is unable to make
dividend payments to BancShares and sufficient capital is not otherwise available, BancShares may not be able to make principal and interest payments on its debt, including the notes.

In addition, BancShares’ right to participate in any distribution of assets of any of its subsidiaries upon the subsidiary’s
liquidation or 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 December 31, 2024, the aggregate amount of all debt and other liabilities of BancShares’ subsidiaries, including deposits, was approximately $201.64 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 junior to all of our and our subsidiaries’ secured indebtedness.

The notes will be effectively subordinated in right of payment to any of the existing and future secured debt that BancShares or its
subsidiaries may incur, to the extent of the value of the assets securing such debt, such as the Purchase Money Note. In the event that BancShares is declared bankrupt, becomes insolvent or is liquidated or reorganized, any 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 the same ranking as the notes, and potentially with all of BancShares’ other general creditors