Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 18

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 18
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 breach of such obligation would generally have priority over most other unsecured claims.

Payment of principal on the Notes will only be accelerated in connection with a limited number of events of default.

Payment of principal on the 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 Notes, or in the performance of any of BancShares’ other obligations
under the Notes or the Subordinated Indenture.

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

S-8

from paying interest or principal on the Notes, and such limits may not permit acceleration of the Notes. See “Description of 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 orderly liquidation authority compared to those under the U.S. Bankruptcy Code, including the power of the FDIC to disregard the strict priority of creditor claims in some circumstances, the use of an administrative claims
procedure to determine creditors’ claims (as opposed to the judicial procedure utilized in bankruptcy proceedings) and the power of the FDIC to transfer claims to a “bridge” entity. As a consequence of the power of the FDIC under
the orderly liquid