Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 66

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 66
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 , 20 (the
“subordinated notes maturity date”), unless previously redeemed or otherwise accelerated. Payment of principal on the subordinated notes may be accelerated only upon the occurrence of specified events. See “—Events of Default;
Notices of Default.”

The subordinated notes are not convertible into, or exchangeable for, equity securities, other securities, or
assets of BancShares 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