Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 69

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 69
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 will not pay additional amounts with respect to such tax or assessment. For a discussion relating to certain U.S. federal income tax consequences of the ownership and disposition of the subordinated notes, see “Material United States Federal Income Tax Considerations” in this prospectus supplement. Redemption We may, at our option, redeem the subordinated notes in whole, but not in part, during the three months prior to and including the 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 aggregate principal amount of the subordinated notes, plus accrued and unpaid interest thereon to (but excluding) the redemption date. We may also, at our option, redeem the subordinated notes, in whole or in part, on or after September 12, 2039 (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. In addition, we may, at our option, redeem the subordinated notes, in whole, but not in part, 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 interest that is accrued and unpaid to (but excluding) the date of redemption, at any time before the subordinated notes maturity date, upon the occurrence of:

| • |     | a “Tax Event,” defined in the Subordinated Indenture to mean the receipt by us of an opinion of                                                                                                                                                         
 independent tax counsel to the effect that as a result of  (a) an amendment to or change (including any announced prospective amendment or change) in any law or treaty, or any regulation thereunder, of the United States or any of its               
 political subdivisions or taxing authorities; (b) a judicial decision, administrative action, official administrative pronouncement, ruling, regulatory procedure, regulation, notice or announcement, including any notice or announcement of          
 intent to adopt or promulgate any ruling, regulatory procedure,