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                                                                    Exhibit 4.25

                    COMMON SECURITIES SUBSCRIPTION AGREEMENT

     COMMON SECURITIES SUBSCRIPTION AGREEMENT, dated as of October 29, 2002
(this "Agreement"), between Resource Capital Trust III, a statutory trust
created under the laws of the State of Delaware (the "Trust"), and Resource
Bankshares Corporation, Virginia corporation (the "Buyer"), relating to the
Trust's common securities (liquidation amount of $1,000 per security)
representing undivided beneficial interests in the assets of the Trust (the
"Common Securities"). Capitalized terms used herein and not otherwise defined
herein have the respective meanings ascribed thereto in the Subscription
Agreement (as defined below).

     WHEREAS, the Buyer, the Trust and the Purchaser named therein have entered
into a Capital Securities Subscription Agreement, dated October 16, 2002 (the
"Subscription Agreement"), in connection with the issuance and sale of Floating
Rate TP Securities (liquidation amount of $1,000 per security) by the Trust; and

     WHEREAS, the Buyer, as sponsor of the Trust, desires to purchase from the
Trust, and the Trust desires to sell to the Buyer, all of the Common Securities.

     NOW, THEREFORE, in consideration of the foregoing premises and the
conditions and agreements hereinafter set forth, the parties hereto agree as
follows:

     1. The Buyer hereby subscribes for and offers to purchase from the Trust,
and the Trust hereby accepts such offer and agrees to issue and sell to the
Buyer, contemporaneous with the Closing Date, 93 Common Securities with an
aggregate liquidation amount with respect to the assets of the Trust of
Ninety-Three Thousand Dollars ($93,000) in consideration of the payment on or
before the date hereof of Ninety-Three Thousand Dollars ($93,000) in immediately
available funds.

     2. The Trust represents and warrants that, upon execution and delivery of
the Common Securities to the Buyer, the Common Securities will be duly
authorized, validly issued, fully paid and nonassessable and entitled to the
benefits and subject to the terms of the Amended and Restated Declaration of
Trust, dated as of October 29, 2002, among the Buyer, as Sponsor, Wells Fargo
Bank, National Association, as Institutional Trustee, Wells Fargo Delaware Trust
Company as Delaware Trustee, and James M. Miller and Harvard R. Birdsong, as
Administrators, and the holders, from time to time, of undivided beneficial
interests in the Trust.

     3. This Agreement shall be deemed to be a contract made under the laws of
the State of New York, and for all purposes shall be governed by, and construed
in accordance with, the laws of the State of New York without regard to conflict
of law principles.

     4. This Agreement may be executed in any number of counterparts, each of
which when so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument.

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     IN WITNESS WHEREOF, the parties hereto have caused this Common Securities
Subscription Agreement to be duly executed as of the date first written above.

                                            RESOURCE CAPITAL TRUST III

                                            By: ________________________________
                                                Name:  James M. Miller
                                                Title: Administrator


                                            By: ________________________________
                                                Name:  Harvard R. Birdsong
                                                Title: Administrator


                                            RESOURCE BANKSHARES CORPORATION

                                            By: ________________________________
                                                Name:  Lawrence N. Smith
                                                Title: Chief Executive Officer

Common Securities Subscription Agreement

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