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                    COMMON SECURITIES SUBSCRIPTION AGREEMENT

     COMMON SECURITIES SUBSCRIPTION AGREEMENT, dated as of November 28, 2001
(this "Agreement"), between Resource Capital Trust II, a statutory business
trust created under the laws of the State of Delaware (the "Trust"), and
Resource Bankshares Corporation, a 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 November 14, 2001 (the
"Subscription Agreement"), in connection with the issuance and sale of Floating
Rate MMCapSSM (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, 155 Common Securities with an
aggregate liquidation amount with respect to the assets of the Trust of One
Hundred Fifty-Five Thousand Dollars ($155,000) in consideration of the payment
on or before the date hereof of One Hundred Fifty-Five Thousand Dollars
($155,000) 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 November 28, 2001, by the Buyer, as sponsor, Wilmington Trust
Company, as Institutional Trustee, Wilmington Trust Company as Delaware Trustee,
and T.A. Grell, Jr., Harvard R. Birdsong and James M. Miller, 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 II


                                   By:
                                       -----------------------------------------
                                       T.A. Grell, Jr.
                                       Administrator


                                   By:
                                       -----------------------------------------
                                       Harvard R. Birdsong
                                       Administrator


                                   By:
                                       -----------------------------------------
                                       James M. Miller
                                       Administrator


                                   RESOURCE BANKSHARES CORPORATION


                                   By:
                                       -----------------------------------------
                                       Lawrence N. Smith
                                       President and Chief Executive Officer