Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HOLDING FRANK B
  2. Issuer Name and Ticker or Trading Symbol
FIRST CITIZENS BANCSHARES INC /DE/ [FCNCA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
POST OFFICE BOX 1377
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2014
(Street)

SMITHFIELD, NC 27577
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 10/01/2014   J   31,884 A (3) 667,874 D  
Class A Common Stock 10/01/2014   J   1,200 A (3) 1,200 I By Frank B. Holding Revocable Trust
Class A Common Stock 10/01/2014   J   49,600 A (3) 49,600 I By FBH 2012 GRAT
Class A Common Stock 09/09/2014   G V 325,089 D $ 0 0 (1) (4) I By spouse
Class A Common Stock 10/01/2014   J   176,956 A (3) 176,956 (1) I By Spouse
Class A Common Stock 09/09/2014   G V 325,089 A $ 0 325,089 (1) (4) I By Ella Ann Holding Revocable Trust
Class A Common Stock 10/01/2014   J   484 A (3) 325,573 (1) I By Ella Ann Holding Revocable Trust
Class A Common Stock 10/01/2014   J   171,596 A (3) 528,857 (1) I By EAH 2012 GRAT
Class A Common Stock               0 (2) (5) I By First Citizens Bancorporation, Inc.
Class A Common Stock               100,000 (2) I By Fidelity BancShares, Inc.
Class A Common Stock 10/01/2014   J   89,636 A (3) 241,963 (2) I By Southern BancShares(N.C.), Inc. and subsidiary
Class A Common Stock 10/01/2014   J   4,316 A (3) 12,530 (2) I By Twin States Farming, Inc.
Class A Common Stock 10/01/2014   J   200 A (3) 827 (2) I By E&F Properties, Inc.
Class A Common Stock 10/01/2014   J   1,000 A (3) 2,675 (2) I By Holding Properties, LLC
Class B Common Stock               321 D  
Class B Common Stock               291 (1) I By spouse
Class B Common Stock               0 (2) (5) I By First Citizens Bancorporation, Inc.
Class B Common Stock               22,619 (2) I By Southern BancShares (N.C.), Inc.
Class B Common Stock               1,355 (2) I By Twin States Farming, Inc.
Class B Common Stock               200 (2) I By E&F Properties, Inc.
Class B Common Stock               2,156 (2) I By Holding Properties, Inc.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HOLDING FRANK B
POST OFFICE BOX 1377
SMITHFIELD, NC 27577
    X    

Signatures

 Frank B. Holding, By: William R. Lathan, Jr., Attorney-in-Fact   10/03/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
(2) The reporting person is or was a director, officer and/or shareholder of the companies that own these shares, but he disclaims beneficial ownership of the listed shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
(3) Reflects shares received in exchange for shares of common stock of First Citizens Bancorporation, Inc. ("BanCorp"), at the rate of 4 shares of the Issuer's Class A common stock and $50 in cash for each share of BanCorp stock held by the persons or in the manner indicated in this Report, in connection with the merger of BanCorp into the Issuer. On the day prior to the effective date of the merger, the reported last price of BanCorp's common stock was $922.25 per share, and the reported closing price of the Issuer's Class A common stock was $216.63 per share.
(4) On September 9, 2014, reporting person's spouse contributed 325,089 shares of Class A common stock to her Revocable Trust
(5) Shares previously held by this entity were aquired by the Issuer and cancelled without consideration in the entity's merger with the Issuer.

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