Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 64

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 64
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Shares or its
subsidiaries. There is no sinking fund for the subordinated notes. Except as described under “—Clearance and Settlement,” the subordinated notes will be represented by one or more global certificates deposited with or on behalf of DTC
and registered in the name of Cede & Co. or another nominee of DTC. The subordinated notes will be issued and may be transferred only in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof in book-entry form
only. See “—Clearance and Settlement.”

As a bank holding company, our ability to make payments on the subordinated notes
will depend primarily on the receipt of interest and other distributions from First Citizens Bank. There are various regulatory restrictions on the ability of First Citizens Bank to pay dividends or make other distributions to us. See “Risk
Factors—Payments on the notes will depend on receipt of dividends and distributions from BancShares subsidiaries” and “Risk Factors—Regulatory requirements may restrict our ability to pay the principal of, and accrued and unpaid
interest on, the notes, regardless of whether we are the subject of an insolvency proceeding” in this prospectus supplement.

No
recourse will be available for the payment of principal of, or interest on, any subordinated note, for any claim based thereon, or otherwise in respect thereof, against any stockholder, employee, officer, or director of BancShares, any of its
subsidiaries or any successor entity. Neither the Subordinated Indenture nor the subordinated notes contain any covenants or restrictions restricting the incurrence of debt, deposits, or other liabilities by us or by our subsidiaries. The
Subordinated Indenture and the subordinated notes contain no financial covenants and do not restrict us from paying dividends, selling assets, making investments, or issuing or repurchasing other securities, and do not contain any provision that
would provide protection to the holders of the subordinated notes against a sudden and dramatic decline in credit quality resulting from a merger, takeover, recapitalization, or similar restructuring or any other event involving us or our
subsidiaries that may adversely affect our credit quality.

We do not intend to apply for the listing of the subordinated notes on any
securities exchange or the quotation of the subordinated notes on any quotation system.

S-41

Interest

From (and including) the date of original issuance (the “subordinated notes issue date”) to (but excluding) March