Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 71

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 71
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 are subordinated; |

| • |     | any indebtedness to a subsidiary of BancShares; |

| • |     | any trade account payables in the ordinary course of business; and |

| • |     | the subordinated notes. |

Notwithstanding the foregoing, if the Federal Reserve (or other applicable regulatory agency or authority) promulgates any rule or issues any interpretation that defines general creditor(s), the main purpose of which is to establish criteria for determining whether the subordinated debt of a financial or bank holding company is to be included in its capital, then the term “general creditors” as used in the definition of “Senior Indebtedness” in the Subordinated Indenture will have the meaning as described in that rule or interpretation. Upon the liquidation, dissolution, winding up, or reorganization of BancShares, we must pay to the holders of all Senior Indebtedness the full amounts of principal of, premium, interest, and any other amounts owing on, that Senior Indebtedness before any payment is made on the subordinated notes. If, after we have made those payments on our Senior Indebtedness there are amounts available for payment on the subordinated notes, then we may make any payment on the subordinated notes. Because of the subordination provisions and the obligation to pay Senior Indebtedness described above, in the event of our insolvency, holders of the subordinated notes may recover less ratably than holders of the Senior Indebtedness and other creditors of BancShares. With respect to the assets of a subsidiary of ours, our creditors (including holders of the subordinated notes) are structurally subordinated to the prior claims of creditors of such subsidiary, except to the extent that we may be a creditor with recognized claims against such subsidiary. Subject to the terms of the Subordinated Indenture, if the Trustee or any holder of any of the subordinated notes receives any payment or distribution of our assets in contravention of the subordination provisions applicable to the subordinated notes before all Senior Indebtedness is paid in full in cash, or other payment satisfactory to the holders of such Senior Indebtedness, then such payment or distribution will be held in trust for the benefit of holders of Senior Indebtedness or their representatives to the extent necessary to make payment in full in cash or payment satisfactory to the holders of Senior Indebtedness of all unpaid Senior Indebtedness. S-44

No Additional Amounts In the event