Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 16

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 16
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 and including the |

S-8

| subordinated notes reset date, subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required under the capital adequacy rules of the Federal Reserve,                                    
 at a redemption price equal to 100% of the principal amount of the subordinated notes being redeemed, plus accrued and unpaid interest thereon, if any, to (but excluding) the redemption date. See “Description of Notes—Subordinated 
 Notes—Redemption.”                                                                                                                                                                                                                     |

| We may also, at our option, redeem the subordinated notes, in whole or in part, on or after   , 20   (six months prior to the subordinated notes maturity date), at any time and from time to time,                                                  
 subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required under the capital adequacy rules of the Federal Reserve, at a redemption price equal to 100% of the principal amount of the subordinated 
 notes being redeemed, plus accrued and unpaid interest thereon to (but excluding) the redemption date. See “Description of Notes—Subordinated Notes—Redemption.”                                                                                     |

| We may also redeem the subordinated notes, in whole, but not in part, at any time prior to their maturity, including prior to    , 20 , subject to obtaining the prior approval of the                                                              
 Federal Reserve to the extent such approval is then required under the capital adequacy rules of the Federal Reserve, if (i) a change or prospective change in law occurs that could prevent us from deducting interest payable on the subordinated 
 notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that could preclude the subordinated notes from being recognized as Tier 2 Capital for regulatory capital purposes, or (iii) BancShares is required to register as       
 an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”), in each case, at a redemption price equal to 100% of the principal amount of the subordinated notes, plus any accrued and                
 unpaid interest to (but excluding) the redemption date. For more information, see “Description of Notes—Subordinated Notes—Redemption.”                                                                                                             |

| Sinking Fund | There is no sinking fund for the subordinated notes. |

| Future Issuance | The subordinated notes will initially be limited to an aggregate principal