Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 34

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 34
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 distribution of assets is made to the holders of our
common stock or any other junior securities. After payment of the full amount of such liquidating distributions, the holders of the Series D Preferred Stock will not be entitled to any further participation in any distribution of assets by us, and
will have no right or claim to any of our remaining assets.

In the event that our assets available for distribution to stockholders upon
any liquidation, dissolution, or winding-up of our affairs, whether voluntary or involuntary, are insufficient to pay in full the amounts payable with respect to all outstanding shares of the Series D
Preferred Stock and the corresponding amounts payable on any parity securities, the holders of the Series D Preferred Stock and the holders of such other parity securities will share ratably in any distribution of our assets in proportion to the
full respective liquidating distributions to which they would otherwise be respectively entitled.

For such purposes, our consolidation or
merger with or into any other entity, the consolidation or merger of any other entity with or into us, or the sale of all or substantially all of our property or business, will not be deemed to constitute our liquidation, dissolution, or winding-up.

Voting Rights

Except as provided below and as determined by our board of directors or a duly authorized committee of our board of directors or as otherwise
expressly required by law, the holders of the Series D Preferred Stock will have no voting rights.

S-20

Whenever dividends on any shares of the Series D Preferred Stock, or any parity stock upon
which similar voting rights have been conferred (“special voting preferred stock”), have not been declared and paid for an aggregate amount equal to the amount of dividends payable on the Series D Preferred Stock as contemplated herein
for any dividend periods that, in the aggregate, equal 18 months, whether or not for consecutive dividend periods (which we refer to as a “Nonpayment Event”), the holders of the Series D Preferred Stock, voting together as a class with
holders of any special voting preferred stock then outstanding, will be entitled to vote (based on respective liquidation preferences) for the election of a total of two additional members of our board of directors (which we refer to as the
“Preferred Directors”); provided that our board of directors will at no time include more than two Preferred Directors; provided, further, that the election of any such Preferred Directors may not cause us to violate any corporate
governance requirement of The Nasdaq Stock Market LLC (or any other exchange on which our securities may