---
schema_version: "secwatch.filing_event.v1"
accession: "0000798941-25-000016"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2025-04-07T23:59:59+00:00"
generated_at: "2026-05-23T20:30:35.660132+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Citizens terminates FDIC shared-loss agreement on $60B SVB loan portfolio

## Summary
- Early termination of commercial shared-loss agreement (CSLA) with FDIC covering $60B in loans from Silicon Valley Bridge Bank acquisition.
- Termination motivated by remote likelihood of reaching the $5B loss threshold; no payments due from either party.
- $35.99B purchase money note (3.50% fixed, matures March 2028) remains in effect and unaffected by the termination.
- All FDIC loss-sharing (0% under $5B, 50% above) and FCB reimbursement obligations and related reporting covenants eliminated.

## SEC filing metadata
- accession: 0000798941-25-000016
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2025-04-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000079894125000016/0000798941-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000079894125000016/fcnca-20250407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798941-25-000016
- JSON: https://secwatch.observer/filing/0000798941-25-000016.json
- Plain text: https://secwatch.observer/filing/0000798941-25-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.