Company: FCNCB
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195116
Chunk: 51

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-04
Form: 424B5
Chunk 51
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, account or arrangement to acquire or hold the Notes should consider whether an investment in the Notes would be consistent with the documents and instruments governing the plan and with its fiduciary
duties, including satisfaction of applicable prudence and diversification requirements. Such persons should also consider whether an investment in the Notes would give rise to a non-exempt prohibited
transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or Section 4975 of the Code.

Section 406 of ERISA and Section 4975 of the Code, as applicable, prohibit plans, accounts and other arrangements subject to Title I
of ERISA and/or Section 4975 of the Code, including entities such as IRAs, collective investment funds, partnerships and separate accounts or insurance company pooled separate accounts or insurance company general accounts whose underlying
assets include the assets of such plans, accounts and other arrangements (collectively, “Plans”) from engaging in certain transactions involving “plan assets” with persons who are “parties in interest” under ERISA
or “disqualified persons” under the Code with respect to such Plans. Such parties in interest or disqualified persons could include, without limitation, First Citizens, the underwriters, the trustee or any of their respective affiliates.
A violation of these prohibited transaction rules may result in civil penalties or other liabilities under ERISA and/or an excise tax under Section 4975 of the Code for those persons, unless exemptive relief is available under an applicable
statutory or administrative exemption.

Governmental plans (as defined in Section 3(32) of ERISA), certain church plans (as defined
in Section 3(33) of ERISA) and non-U.S. plans (as described in Section 4(b)(4) of ERISA) are not subject to the fiduciary responsibility or prohibited transaction provisions of Title I of ERISA or
Section 4975 of the Code, but may be subject to similar provisions under applicable federal, state, local or non-U.S. or other laws, rules or regulations (“Similar Laws”).

The acquisition or holding of the Notes by or on behalf of or with the assets of a Plan with respect to which First Citizens, any of the
underwriters, the trustee or any of their respective affiliates (collectively, the “Transaction Parties”) is or becomes a party in interest or a disqualified person may constitute or result in prohibited transactions under ERISA or
Section 4975 of the Code,