Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 47

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 47
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 may have the effects described below under “—Covenant Breaches.” The Senior Indenture provides that the Trustee will be under no obligation to exercise any remedy under the Senior Indenture at the request or direction of any of the holders of the senior notes unless such holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses, and liabilities which may be incurred by it in complying with such request or direction. Subject to the foregoing and certain other rights of the Trustee, the holders of a majority in principal amount of the outstanding senior notes will have the right to direct the time, method, and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the senior notes. However, the Trustee may refuse to follow any direction that conflicts with law or the Senior Indenture or that may involve the Trustee in personal liability. In addition, the Trustee may take any other action it deems proper that is not inconsistent with any such direction received from the holders of the senior notes. No holder of senior notes will have any right to institute any proceeding, judicial or otherwise, with respect to the Senior Indenture or a senior note, or for the appointment of a receiver or trustee, or for any other remedy under the Senior Indenture, unless:

| • |     | such holder has previously given written notice to the Trustee of a continuing event of default or covenant 
 breach with respect to the senior notes;                                                                    |

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| • |     | the holders of not less than 25% in aggregate principal amount of the outstanding senior notes have made written                                              
 request to the Trustee to institute proceedings in respect of such event of default or covenant breach in its own name as Trustee under the Senior 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 senior notes. |

In any event,