Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 24

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 24
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 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 3.375% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “existing
subordinated notes”) will be accelerated so that such existing subordinated notes become immediately due and payable while the subordinated notes offered hereby will not be similarly accelerated. Any repayment of the principal amount of our
existing subordinated notes following the exercise of acceleration rights in circumstances in which such rights are not available to the holders of the subordinated notes offered hereby could adversely affect our ability to make timely payments on
the subordinated notes thereafter. These limitations on the rights and remedies of holders of the subordinated notes could adversely affect the market value of the subordinated notes, especially during times of financial stress for us or our
industry.

Our regulators can, in the event BancShares or First Citizens Bank becomes subject to an enforcement action, prohibit First
Citizens Bank from paying dividends to BancShares, and they can also prevent BancShares from paying interest or principal on the notes, and such limits may not permit acceleration of the subordinated notes. See “Description of
Notes—Subordinated Notes—Events of Default; Notices of Default.”

Government regulation may affect the priority of the notes in the case of a bankruptcy or liquidation.

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank
Act”) created a resolution regime known as the “orderly liquidation authority.” Under the orderly liquidation authority, the FDIC may be appointed as receiver for an entity, including a bank holding company, for purposes of
liquidating the entity if the U.S. Secretary of the Treasury, following a process set out in the Dodd-Frank Act, determines that the entity is in default or danger of default and that the entity’s failure and its resolution under otherwise
applicable law would have serious adverse effects on the financial stability of the United States.

If the FDIC is appointed as receiver
under the orderly liquidation authority, then the Dodd-Frank Act, rather than applicable insolvency laws, would determine the powers of the receiver, and the rights and obligations of creditors and other parties who have dealt with the institution.
There are substantial differences in the rights of creditors under the