Company: FCNCB
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195116
Chunk: 31

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-04
Form: 424B5
Chunk 31
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 with any such direction received from the holders of the Notes. S-18

No holder of Notes will have any right to institute any proceeding, judicial or otherwise, with respect to the Subordinated Indenture or a 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 Notes;                                                                                                      |

| • |     | the holders of not less than 25% in aggregate principal amount of the outstanding 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 Notes. |

In any event, the Subordinated Indenture provides that no holders of 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 Notes within 90 days regarding the existence of any default in payment of principal of or interest on any Note, and any other default of which the Trustee has received written notice from us or any holder of the Notes, unless the default has been cured or waived. However, except in the case of a payment default, the Trustee may withhold notice of a default if and so long as the Trustee’s board of directors, executive committee or a trust committee of directors or responsible officers in good faith determines that withholding the notice is in the interests of the holders of the Notes. For purposes of these requirements, a “default”