Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 10

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 10
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 to First-Citizens Bank & Trust Company; |

| ● |     | “associates” refers to our employees; |

| ● |     | “our Board” or “the Board” refers to our Board of Directors; |

| ● |     | “our Boards” or “the Boards” refers jointly to our Board of Directors and the Board of Directors of FCB; |

| ● |     | “FCB-SC” refers to the former First Citizens Bank and Trust Company, Inc., which, along with its parent holding company, First Citizens Bancorporation, Inc., we acquired in a merger transaction during 2014; |

| ● |     | “CIT” refers to CIT Group Inc. and, as the context may require, collectively to CIT and CIT Bank, N.A., OneWest Bank, and Mutual of Omaha Bank, CIT’s former bank subsidiaries, which we acquired in a merger; |

| ● |     | “SVB” refers to Silicon Valley Bank from which, through the Federal Deposit Insurance Corporation (“FDIC”) as receiver for Silicon Valley Bridge Bank, N.A. (“SVBB”), FCB acquired certain assets and assumed certain liabilities; |

| ● |     | “SEC” refers to the Securities and Exchange Commission; and |

| ● |     | “Exchange Act” refers to the Securities Exchange Act of 1934, as amended. |

| 10 |     | 2025 Annual Proxy Statement |

Proposal 1: Election of Directors PROPOSAL 1: ELECTION OF DIRECTORS Our Board of Directors unanimously recommends that you vote “ F OR” each of the nominees named below. General Our Bylaws provide that:

| ● |     | our Board will consist of not less than five nor more than 30 members, and our Board is authorized to set and change the actual number of our directors from time to time within those limits; and |

| ● |     | subject to any limitations on service prescribed by the Boards, our directors are elected each year at the annual meeting of stockholders for terms extending to the next Annual Meeting at which directors are elected, or until their deaths, resignations, retirements, removals, or disqualifications, or until their successors have been duly elected and qualified. |

Our company and FCB each has a board of directors. Historically, the membership of FCB’s Board has been the same as the membership of our Board, and we expect that to continue. Accordingly, we expect to appoint the nominees elected to