THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

First Citizens BancShares, Inc. (FCNCA)

3/17/2006 Proxy Information

Mr. L. Holding and Mr. F. Holding are brothers. Ms. Ames is the daughter of Mr. L. Holding and the niece of Mr. F. Holding. Mr. F. Holding, Jr. is the son of Mr. F. Holding, the brother of Ms. Connell, and the nephew of Mr. L. Holding. Ms. Connell is the daughter of Mr. F. Holding, the sister of Mr. F. Holding, Jr., and the niece of Mr. L. Holding.

3/18/2005 Proxy Information

Mr. Broadrick is a former President of First Citizens Bancshares, Inc.

Our and FCB’s President, Frank B. Holding, Jr., and Hope Holding Connell, FCB’s Executive Vice President and Business Banking Segment Manager, are siblings and are the son and daughter of our director and executive officer, Frank B. Holding, and the nephew and niece of our Chairman, Lewis R. Holding.

Ms. Hope H. Connell, an executive officer of FCB, is the daughter of Mr. F. Holding, the niece of Mr. L. Holding, and the sister of Mr. F Holding, Jr.

Ms. Carmen Holding Ames is the daughter of Mr. L. Holding and the niece of Mr. F. Holding.

Mr. George H. Broadrick is a former President of First Citizens Bancshares, Inc.

Mr. L. Holding and Mr. F. Holding are brothers.

Mr. F. Holding, Jr. is the son of Mr. F. Holding and the nephew of Mr. L. Holding.

David L. Ward, Jr., one of our directors, is the senior member of Ward and Smith, P.A., the law firm that serves as our General Counsel and provides legal services to us, FCB and IronStone. An aggregate of $5.3 million (which includes expenses and reimbursement for advances made by that firm on our behalf, including advances to pay fees charged by other law firms and experts that provided services on our behalf) was paid to that firm by us and all of our subsidiaries during 2004, and the firm will continue to provide legal services to us during 2005.

Robert T. Newcomb, one of our directors, is President of Newcomb and Company, a mechanical contracting firm. During 2004, that firm provided services as a subcontractor in connection with the construction or renovation of, or other services related to, certain of FCB’s banking offices. The aggregate amount received by Mr. Newcomb’s company for those services was $94,929.

3/22/2004 Proxy Information

FCB and IronStone have had, and expect to have in the future, banking transactions in the ordinary course of their business with certain of their and our current directors, nominees for director, executive officers, principal shareholders, and their associates. All loans included in those transactions during 2003 were made on substantially the same terms, including interest rates, repayment terms and collateral, as those prevailing at the time the loans were made for comparable transactions with other persons, and those loans did not involve more than the normal risk of collectibility or present other unfavorable features.

FCB is party to separate contracts (the “Services Contracts”) with First Citizens Bank and Trust Company, Inc., Columbia, South Carolina (“FCB/SC”), Southern Bank and Trust Company, Mount Olive, North Carolina (“Southern”), The Fidelity Bank, Fuquay-Varina, North Carolina (“Fidelity”), and The Heritage Bank, Lucama, North Carolina (“Heritage”). Under the Services Contracts, FCB provides to each of those banks and their parent holding companies various services, including data and item processing services, securities portfolio management services, courier services, management consulting services (including, in the case of FCB/SC and Southern, the services of Frank B. Holding as director), and services as trustee for each bank’s pension plan and Section 401(k) plan. Aggregate fees billed by FCB for all those services during 2003 totaled approximately $12,250,000 for FCB/SC, $3,636,000 for Southern, $3,684,000 for Fidelity, and $859,000 for Heritage. Those affiliated banks also purchase supplies, forms and equipment through FCB. Of the amounts billed to FCB/SC and Southern for services, $112,463 and $93,538, respectively, represented reimbursement to FCB for a portion of Mr. F. Holding’s salary paid by FCB. Mr. F. Holding receives no salary, directors’ fees, or other compensation directly from FCB/SC or Southern for the services he renders to them. Mr. F. Holding and Lewis R. Holding, who are our directors, executive officers, and principal shareholders, also are principal shareholders of the parent holding companies of FCB/SC, Southern and Fidelity, and Mr. F. Holding also is a principal shareholder of Heritage.

During 2003, FCB sold the assets (including premises and loans) of four of its branch offices to Fidelity. The total amount of assets transferred was approximately $33,415,312. In connection with the transaction Fidelity assumed approximately $114,727,498 in deposit liabilities associated with the branch offices, and it paid a deposit premium to FCB of approximately $7,589,646.

David L. Ward, Jr., one of our directors, is the senior member of Ward and Smith, P.A., the law firm that serves as our General Counsel and provides legal services to us, FCB and IronStone. An aggregate of $4,925,256 was paid to that firm for its services during 2003, and the firm will continue to provide legal services to us during 2004.

Robert T. Newcomb, one of our directors, is President of Newcomb and Company, a mechanical contracting firm. During 2003, that firm provided services as a subcontractor in connection with the construction or renovation of, or other services related to, certain of FCB’s banking offices. The aggregate amount received by Mr. Newcomb’s company for those services was $81,588.

George H. Broadrick is a former President of First Citizens Bancshares, Inc.

3/24/2003 Proxy Information

Ms. Carmen Holding Ames is the daughter of Mr. L. Holding and the niece of Mr. F. Holding. Mr. F. Holding, Jr. is the son of Mr. F. Holding and the nephew of Mr. L. Holding. Mr. L. Holding and Mr. F. Holding are brothers. Ms. Hope H. Connell, an executive officer of the Bank, is the daughter of Mr. F. Holding, the niece of Mr. L. Holding, and the sister of Mr. F. Holding, Jr.

Robert T. Newcomb, one of our directors, is President of Newcomb and Company, a mechanical contracting firm that provided services as a subcontractor in connection with the construction of one of the Bank’s banking offices during 2002. The aggregate amount paid by the Bank for those services was $196,984.

David L. Ward, Jr., one of our directors, is the senior member of Ward and Smith, P.A., the law firm that serves as the Bank’s and our General Counsel. An aggregate of $4,014,150 was paid to that firm for its services during 2002, and the firm will continue to provide legal services to the Bank and us during 2003

The Bank is party to separate contracts (the “Services Contracts”) with First-Citizens Bank and Trust Company of South Carolina, Columbia, South Carolina (“FCB/SC”), Southern Bank and Trust Company, Mount Olive, North Carolina (“Southern”), The Fidelity Bank, Fuquay-Varina, North Carolina (“Fidelity”), and The Heritage Bank, Lucama, North Carolina (“Heritage”). Under the Services Contracts, the Bank provides to each of those banks and their parent holding companies various services, including data and item processing services, securities portfolio management services, courier services, management consulting services (including, in the case of FCB/SC and Southern, the services of Frank B. Holding as director), and services as trustee for each bank’s pension plan and Section 401(k) plan. Aggregate fees billed by the Bank for all those services during 2002 totaled approximately $11,407,000 for FCB/SC, $3,342,000 for Southern, $3,338,000 for Fidelity, and $821,000 for Heritage. Of the amounts billed to FCB/SC and Southern, approximately $109,000 and $92,000, respectively, represented reimbursement to the Bank for a portion of Mr. Holding’s salary paid by the Bank. Mr. F. Holding receives no salary, directors fees, or other compensation directly from FCB/SC or Southern for his services. Frank B. Holding and Lewis R. Holding, who are our directors, executive officers, and principal shareholders, also are principal shareholders of the parent holding companies of FCB/SC, Southern, Fidelity, and Heritage.