Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 20

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 20
---
 full from BancShares’ assets before any payment may be made with respect to the notes. Holders of the notes will participate ratably with all holders of BancShares’ unsecured indebtedness that is
deemed to be of the same ranking as the notes, and potentially with all of BancShares’ other general creditors, based upon the respective amounts owed to each holder or creditor, in BancShares’ remaining assets. In any of the foregoing
events, BancShares may not have

S-11

sufficient assets to pay amounts due on the notes. As a result, if holders of the notes receive any payments, they may receive less, ratably, than holders of secured indebtedness and may not
receive 100% of the outstanding principal amount and accrued and unpaid interest of the notes.

The notes are not insured or guaranteed by the FDIC or any other governmental agency.

The notes are not savings accounts, deposits or other obligations of a bank and are not insured
or guaranteed by the FDIC or any other governmental agency or instrumentality or any other person.

BancShares’ obligations under the subordinated notes will be unsecured and subordinated.

BancShares’ obligations under the subordinated notes will be unsecured
and subordinated in right of payment to all of its existing and future Senior Indebtedness (as defined herein), which will include, among other things, the senior notes and BancShares’ debt to general creditors. As of December 31, 2024, on
a consolidated basis, the Company’s liabilities totaled approximately $201.49 billion, which includes approximately $155.23 billion of deposit liabilities, $750 million of outstanding subordinated notes issued or assumed by
BancShares and First Citizens Bank, $51 million of senior unsecured notes issued or assumed by First Citizens Bank, $36.37 billion of other borrowings, including the $35.99 billion Purchase Money Note, and $9.09 billion of other
liabilities. Except for the approximately $350 million of existing subordinated notes (as defined below) issued by BancShares (which rank equally in right of payment and upon our liquidation to the subordinated notes), all of these liabilities
are contractually or structurally senior to the subordinated notes. The Company may incur substantial other indebtedness, including additional Senior Indebtedness and indebtedness ranking on a parity with the subordinated notes, in the future.

The Senior Indenture and Subordinated Indenture do not contain any