Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 15

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 15
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 not insured or guaranteed by the FDIC or any other governmental agency.

The Notes are not savings accounts, deposits or other obligations of a
bank and are not insured or guaranteed by the FDIC or any other governmental agency or instrumentality or any other person.

BancShares’ obligations under the Notes will be unsecured and subordinated.

BancShares’ obligations under the Notes will be unsecured
and subordinated in right of payment to all of its existing and future Senior Indebtedness (as defined herein), which will include, among other things, BancShares’ debt to general creditors. As of June 30, 2025, on a consolidated basis,
the Company’s liabilities totaled approximately $207.36 billion, which included approximately $159.94 billion of deposit liabilities, $500 million of outstanding 5.231% fixed-to-floating rate senior notes issued by BancShares (the “existing senior notes”), $750 million of 6.254%
fixed-to-fixed rate subordinated notes issued by BancShares (the “existing subordinated notes”), $400 million of subordinated notes issued or assumed by
First Citizens Bank, $51 million of senior unsecured notes issued or assumed by First Citizens Bank, $36.53 billion of other borrowings, including the $35.99 billion Purchase Money Note, and $9.20 billion of other liabilities.
Except for the approximately $750 million of existing subordinated notes issued by BancShares (which rank equally in right of payment and upon our liquidation to the Notes), all of these liabilities are contractually, effectively or
structurally senior to the Notes. The Company may incur substantial other indebtedness, including additional Senior Indebtedness and indebtedness ranking on a parity with the Notes, in the future.

The Subordinated Indenture will not contain any limitations on our ability to incur additional indebtedness, grant or incur a lien on our assets, sell or otherwise dispose of assets, pay dividends, or repurchase our capital stock.

Neither BancShares nor any of its
subsidiaries will be restricted from incurring additional indebtedness or other liabilities, including additional senior or subordinated indebtedness, under the Subordinated Indenture. If we incur additional indebtedness or liabilities,
BancShares’ ability to pay its obligations on the Notes could be adversely affected. We expect that we will, from time to time, incur additional indebtedness and other liabilities. In addition, we are not restricted under the Subordinated
Indenture from granting or incurring a