Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 21

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 21
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ings in an amount sufficient to enable us to pay our debt, or to fund our other liquidity needs. We may need to refinance all or a portion of our debt on or before maturity. We may not be able to refinance any of our debt when needed (including, without limitation, upon commencement of the senior notes floating rate period or at the subordinated notes reset date) on commercially reasonable terms or at all. Regulatory requirements may restrict our ability to pay the principal of, and accrued and unpaid interest on, the notes, regardless of whether we are the subject of an insolvency proceeding. Pursuant to federal law and Federal Reserve regulations, as a bank holding company, BancShares is required to act as a source of financial and managerial strength to First Citizens Bank and commit resources to its support, including, without limitation, the guarantee of its capital plans if it is undercapitalized. Such support may be required at times when we may not otherwise be inclined or able to provide it. As a result of the foregoing, we may be unable to pay accrued interest on the notes on one or more of the scheduled interest payment dates, or at any other time, or the principal of the notes at the maturity of the notes. S-13

If we were to be the subject of a bankruptcy proceeding under Chapter 11 of the U.S.
Bankruptcy Code, then the bankruptcy trustee would be deemed to have assumed and would be required to immediately cure any deficit under any commitment we have to any of the federal banking agencies to maintain the capital of First Citizens Bank,
and any other insured depository institution for which we have such a responsibility, and any claim for breach of such obligation would generally have priority over most other unsecured claims.

Payment of principal on the subordinated notes will only be accelerated in connection with a limited number of events of default, and such events are not the same as BancShares’ existing subordinated notes.

Payment of principal on the subordinated notes will be automatically
accelerated only in the case of certain events of bankruptcy, insolvency or receivership involving BancShares. There is no automatic acceleration, or right of acceleration, in the case of default in the payment of principal of or interest on the
subordinated notes, or in the performance of any of BancShares’ other obligations under the subordinated notes or the Subordinated Indenture. In addition, if certain events of First Citizens Bank’s bankruptcy or insolvency, whether
voluntary or involuntary, occur, payment of principal and interest on our existing