Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 74

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 74
---
 S-47

withhold notice of a default if and so long as the Trustee’s board of directors, executive committee or a trust committee of directors or responsible officers in good faith determines that withholding the notice is in the interests of the holders of the subordinated notes. For purposes of these requirements, a “default” means any event which is, or after notice or lapse of time or both would become, an event of default under the Subordinated Indenture with respect to the subordinated notes. We are required to deliver to the Trustee, within 120 days after the end of each of our fiscal years ending after the subordinated notes issue date, a written statement from our applicable officers regarding whether we have fulfilled all of our obligations under the Subordinated Indenture throughout the year and specifying any known default and its status. Modification and Waiver The Subordinated Indenture provides that we and the Trustee may modify or amend the Subordinated Indenture with, or, in certain cases, without the consent of the holders of a majority in principal amount of outstanding subordinated notes; providedthat any modification or amendment may not, without the consent of the holder of each outstanding subordinated note affected thereby:

| • |     | change the stated maturity date of the principal of, or any installment of principal or interest on, the 
 subordinated notes;                                                                                      |

| • |     | reduce the percentage in principal amount of the subordinated notes required for any supplemental indenture or 
 for any waiver provided for in the Subordinated Indenture;                                                     |

| • |     | alter the method of computation of interest; |

| • |     | make the subordinated notes payable in money other than that stated in the subordinated notes; |

| • |     | reduce the principal amount thereof or the rate of interest thereon; |

| • |     | change the Company’s obligation to maintain an office or agency for payment of the subordinated notes and 
 the other matters specified in the Subordinated Indenture;                                                |

| • |     | impair the right to institute suit for the enforcement of any payment of principal of or interest on the 
 subordinated notes;                                                                                      |

| • |     | modify the Subordinated Indenture with respect to the subordination of the subordinated notes in a manner adverse 
 to the holders of the subordinated notes; or                                                                      |

| • |     | modify any of the provisions of the Subordinated Indenture relating to the execution of supplemental indentures