Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 44

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 44
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| • |     | a court of competent jurisdiction enters an order or decree under any bankruptcy law that (i) is for relief                                                                                                                                   
 against us in an involuntary case, (ii) appoints a custodian for us or for all or substantially all of our property, or (iii) orders our liquidation, and in any such case the order or decree remains unstayed and in effect for 60 days; or |

| • |     | we are placed into receivership in a proceeding under the “orderly liquidation authority” provisions of 
 the Dodd-Frank Wall Street Reform and Consumer Protection Act.                                          |

The senior notes and Senior Indenture provide for the following additional events of default with respect to the senior notes, and if any of such events of default occurs and is continuing then in every such case the Trustee or holders of not less than 25% in principal amount of the outstanding senior notes may declare the principal amount of all of the senior notes to be due and payable immediately, by a notice in writing to us (and to the Trustee if given by the holders) and upon any such declaration such principal amount shall become immediately due and payable:

| • |     | our default in the payment of any interest upon the senior notes, when such interest becomes due and payable, and 
 continuance of such default for a period of 30 days; or                                                           |

| • |     | our default in the payment of the principal of the senior notes when due, whether at maturity, upon redemption, 
 by acceleration or otherwise, and continuance of such default for a period of 30 days.                          |

No other defaults under or breaches of the Senior Indenture or any senior debt securities, including the senior notes, will result in an event of default, whether after notice, the passage of time or otherwise, and therefore none of such other events (even if constituting a covenant breach) will result in a right of acceleration of the payment of the outstanding principal amount of such senior debt securities, including the senior notes. However, such other events, including covenant breaches, may have the effects described below under “—Covenant Breaches.” The Senior Indenture provides that the Trustee will be under no obligation to exercise any remedy under the Senior Indenture at the request or direction of any of the holders of the senior notes unless such holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses, and liabilities which may be