Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 37

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 37
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 (ii) we have paid all other sums payable by us with respect to the Notes; and (iii) we have delivered an officer’s certificate and opinion of counsel confirming that all conditions precedent with respect to the satisfaction
and discharge of the Subordinated Indenture have been satisfied.

S-21

Consolidation, Merger and Sale of Assets The Subordinated Indenture provides that we may not, in a single transaction or a series of related transactions, consolidate with or merge into any other person or sell, convey, transfer, lease, or otherwise dispose of all or substantially all of our and our subsidiaries’ assets, taken as a whole, to any person unless:

| • |     | the person formed by such consolidation or into which we are merged or the person which acquires by sale,                                                                                                                                                
 conveyance, or transfer or other disposition, or which leases, all or substantially all of such properties and assets shall be a corporation, association, partnership, limited liability company, joint-stock company, or business trust, shall be      
 organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, in form satisfactory to the 
 Trustee, the due and punctual payment of the principal of and interest on all the Notes and the performance or observance of every other covenant of the Subordinated Indenture on our part to be performed or observed;                                 |

| • |     | immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of                                                                                                                                     
 BancShares or a subsidiary as a result of such transaction as having been incurred by BancShares or such subsidiary at the time of such transaction, no event of default, and no event which, after notice or lapse of time or both, would become an 
 event of default, shall have happened and be continuing;                                                                                                                                                                                             |

| • |     | if, as a result of any such consolidation or merger or such conveyance, transfer, or lease, such properties or                                                                                                                                         
 assets would become subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be permitted by the Subordinated Indenture, BancShares or such successor person, as the case may be, shall take such steps as shall be 
 necessary effectively to secure the Notes equally and ratably with (or prior to) all indebtedness secured thereby; and                                                                                                                                 |

| • |     | we