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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-K

              ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                  For the fiscal year ended December 31, 2000

                      Commission file number 333-70361-01

                            RESOURCE CAPITAL TRUST I
             (Exact Name of Registrant as Specified in its Charter)

               Delaware                                   31-6614995
     (State or Other Jurisdiction                      (I.R.S. Employer
          of Incorporation)                           Identification No.)

     3720 Virginia Beach Boulevard                          23452
        Virginia Beach, Virginia                         (Zip Code)
(Address of Principal Executive Offices)


                                 (757) 463-2265
              (Registrant's Telephone Number, Including Area Code)

      Securities registered pursuant to Section 12(b) of the Exchange Act

                                                       Name of Each Exchange
                       Title of Each Class              On Which Registered
                       -------------------              -------------------

                            None                               n/a



      Securities registered pursuant to Section 12(g) of the Exchange Act

                                      None
                                (Title of Class)

     Indicate by check mark whether the registrant:  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
past 90 days.

                                                            Yes     X   No
                                                                 -----     ----


     Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
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incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

     The aggregate market value of the voting and non-voting common equity held
by non-affiliates as of December 31, 2000:  N/A

     The number of outstanding shares of common equity as of March 15, 2001 was
11,382.

     *This Form 10-K also covers 368,000 shares of the Registrant's $2.3125
Capital Securities, which were registered under the Securities Act of 1933, as
amended, pursuant to a registration statement declared effective on February 11,
1999.

     Resource Capital Trust I (the "Trust") is a statutory business trust formed
under the Delaware Business Trust Act, as amended, pursuant to a trust
agreement, as amended by an amended and restated declaration of trust (the
"Declaration"), and the filing of a certificate of trust with the Delaware
Secretary of State on December 23, 1998.  The Trust exists for the exclusive
purposes of (i) issuing and selling trust securities consisting of $2.3125
Capital Securities (the "Capital Securities") and common securities (the "Common
Securities," and together with the Capital Securities, the "Trust Securities"),
representing undivided beneficial ownership interests in the assets of the
Trust, (ii) investing the proceeds from such issuance in Junior Subordinated
Debt Securities (the "Junior Subordinated Debt Securities") of Resource
Bankshares Corporation, a Virginia corporation (the "Corporation"), and (iii)
engaging in only those other activities necessary, advisable or incidental
thereto.  The Trust's sole assets are $9,484,550 principal amount of Junior
Subordinated Debt Securities, and payments under the Junior Subordinated Debt
Securities are the sole revenues of the Trust.  Ownership of the Trust is
evidenced by $9,200,000 aggregate liquidation amount of Capital Securities and
by $284,550 aggregate liquidation amount of Common Securities, all of which are
held by the Corporation.  The Trust makes distributions on the Trust Securities
to the extent it receives distributions from the Corporation on the Junior
Subordinated Debt Securities.  Distributions on the Trust Securities are
guaranteed by the Corporation, but only to the extent that the Trust has
available funds to pay such distributions.

     On March 9, 1999, the Trust invested the proceeds from the sale and
issuance of the Trust Securities in the Junior Subordinated Debt Securities.
The Trust's ability to pay distributions to the holders of the Capital
Securities is dependent on its receipt of distributions on the Junior
Subordinated Debt Securities from the Corporation.  Therefore, upon the receipt
by the Trust of payments from the Corporation, the Trust will pass through such
payments to the holders of the Capital Securities.

     Because the Trust is a special purpose financing entity with no separate
business operations and the only assets of the Trust are the Junior Subordinated
Debt Securities, the Trust does not believe that financial statements for the
Trust are meaningful.  Accordingly, financial statements and related financial
information have not been included in this Form 10-K.  For further information
concerning the Corporation, including financial statements and other financial
information, see the Corporation's Annual Report on Form 10-K for the year ended

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December 31, 2000, as filed with the Securities and Exchange Commission, copies
of which may be obtained from the Corporate Secretary of the Corporation at 3720
Virginia Beach Boulevard, Virginia Beach, Virginia 23452.

     The following documents are exhibits to this report:

     4.1  Certificate of Trust (incorporated by reference to Exhibit 4.1 of the
          Registration Statement of the Trust on Form S-2 (Nos. 333-70361 and
          333-70361-01)).

     4.2  Trust Agreement between Resource Bankshares Corporation and Wilmington
          Trust Company, as Trustee (incorporated by reference to Exhibit 4.2 of
          the Registration Statement of the Trust on Form S-2 (Nos. 333-70361
          and 333-70361-0l)).

     4.3  Form of Amended and Restated Declaration of Trust (incorporated by
          reference to Exhibit 4.3 of the Registration Statement of the Trust on
          Form S-2 (Nos. 333-70361 and 333-70361-01)).

     4.4  Form of Junior Subordinated Indenture between Resource Bankshares
          Corporation and Wilmington Trust Company, as Trustee (incorporated by
          reference to Exhibit 4.4 of the Registration Statement of the Trust on
          Form S-2 (Nos. 333-70361 and 333-70361-01)).

     4.5  Form of Capital Security (included in Exhibit 4.3 above).

     4.6  Form of Junior Subordinated Debt Security (included in Exhibit 4.4
          above).

     4.7  Form of Guarantee Agreement with respect to the Trust Securities
          (incorporated by reference to Exhibit 4.7 of the Registration
          Statement of the Trust on Form S-2 (Nos. 333-70361 and 333-70361-01)).

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                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Exchange Act the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                             RESOURCE CAPITAL TRUST I



Date:  March 28, 2001        By: /s/  T.A. Grell, Jr.
                                      ---------------
                                      T. A. Grell, Jr.
                                      Administrative Trustee


Date:  March 28, 2001         By:/s/ Harvard R. Birdsong
                                     -------------------
                                     Harvard R. Birdsong
                                     Administrative Trustee

                                       4
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                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
   Number                                      Document
   ------                                      --------
<C>           <S>
         4.1  Certificate of Trust (incorporated by reference to Exhibit 4.1 of the
              Registration Statement of the Trust on Form S-2 (Nos. 333-70361 and
              333-70361-01)).
         4.2  Trust Agreement between Resource Bankshares Corporation and Wilmington Trust
              Company, as Trustee (incorporated by reference to Exhibit 4.2 of the Registration
              Statement of the Trust on Form S-2 (Nos. 333-70361 and 333-70361-01)).
         4.3  Form of Amended and Restated Declaration of Trust (incorporated by reference to
              Exhibit 4.3 of the Registration Statement of the Trust on Form S-2 (Nos.
              333-70361 and 333-70361-01)).
         4.4  Form of Junior Subordinated Indenture between Resource Bankshares Corporation and
              Wilmington Trust Company, as Trustee (incorporated by reference to Exhibit 4.4 of
              the Registration Statement of the Trust on Form S-2 (Nos. 333-70361 and
              333-70361-01)).
         4.5  Form of Capital Security (included in Exhibit 4.3 above).
         4.6  Form of Junior Subordinated Debt Security (included in Exhibit 4.4 above).
         4.7  Form of Guarantee Agreement with respect to the Trust Securities (incorporated by
              reference to Exhibit 4.7 of the Registration Statement of the Trust on Form S-2
              (Nos. 333-70361 and 333-70361-01)).
</TABLE>



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