UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the ~~Securities Exchange Act of 1934~~

~~Date~~Securities ofExchange ~~Report~~Act ~~(Date~~ of ~~earliest~~1934 ~~event reported): August 25, 2003~~

Date of Report (Date of earliest event reported): October 23, 2003 (October 21, 2003)

RESOURCE BANKSHARES CORPORATION

(Exact name of Registrant as specified in its charter)

Virginia

001-14319

54-1904386

(State or other jurisdiction of

incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

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

Registrant’s telephone number, including area code: (757) 463-2265

N/A

(Former name or former address, if changed since last report)

Item 5. Other Events

On August 25, 2003, Resource Bankshares Corporation (“Resource”) entered into a definitive Agreement and Plan of Merger (the “Agreement”) with Fulton Financial Corporation (“Fulton”). Under the Agreement, Resource will merge (the “Merger”) with and into Fulton, with Fulton surviving, and all of the outstanding shares of the common stock of Resource (“Resource Common Stock”) will be converted into shares of the common stock of Fulton (“Fulton Common Stock”). Following the Merger, Resource’s wholly-owned banking subsidiary, Resource Bank, will continue operations as a subsidiary of Fulton.

Under the terms of the Agreement, shares of Resource Common Stock will be exchanged for shares of Fulton Common Stock on the effective date of the Merger based on an exchange ratio of 2.2 shares of Fulton Common Stock for each share of Resource Common Stock outstanding, subject to adjustment, including an adjustment for a three for two stock split declared by Resource and payable on September 5, 2003. Each option to acquire shares of Resource Common Stock which is outstanding on the effective date of the Merger will be exchanged for options to acquire Fulton Common Stock, with the number of shares subject to such options and the exercise price adjusted appropriately based on the exchange ratio.

Consummation of the Merger is subject to various conditions, including, among others, the approval of the Merger by applicable bank regulatory authorities and the approval of the Agreement and the Merger by the shareholders of Resource. In connection with the execution of the Agreement, Resource has granted Fulton an option to acquire 990,000 shares (subject to adjustment) of Resource Common Stock at an exercise price of $37.659 per share, such option to be exercisable only upon the occurrence of certain events.

Assuming that all conditions are satisfied without unexpected delay, it is anticipated that the effective date of the Merger will occur during the first quarter of 2004.

Pursuant to General Instruction F to Form 8-K, the press release announcing the execution of the Agreement is attached as an exhibit to this Current Report and is incorporated herein by reference.

Item 7.

Financial Statements and Exhibits

Number		Title
2.1		Agreement and Plan of Merger, dated August 25, 2003, between Fulton Financial Corporation and Resource Bankshares Corporation
99.1		Warrant Agreement, dated August 25, 2003, between Fulton Financial Corporation and Resource Bankshares Corporation

99.1 Press Release of Resource Bankshares Corporation dated October 21, 2003

2Item 12. Results of Operation and Financial Condition

99.2		Warrant, dated August 25, 2003
99.3		Press Release dated August 25, 2003
99.4		Transaction Information (prepared by Fulton)

On October 21, 2003, Resource Bankshares Corporation issued a press release reporting its financial results for the fiscal quarter ended September 30, 2003. A copy of this press release is attached hereto as Exhibit 99.1.

3The information in this Form 8-K and the Exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

~~RESOURCE~~Resource ~~BANKSHARES~~Bankshares ~~CORPORATION~~Corporation By: /s/ ~~Lawrence N~~T. ~~Smith Lawrence N~~A. ~~Smith~~Grell, ~~President~~Jr. ~~and~~T. ~~Chief~~A. ~~Executive~~Grell, ~~Officer~~Jr., President

Date: ~~August~~October 2723, 2003

Exhibit No.		Description of Exhibits

99.1		Press Release Dated October 21, 2003

EXHIBIT INDEX

Exhibit No.		Description of Exhibits
2.1		Agreement and Plan of Merger, dated August 25, 2003, between Fulton Financial Corporation and Resource Bankshares Corporation
99.1		Warrant Agreement, dated August 25, 2003, between Fulton Financial Corporation and Resource Bankshares Corporation
99.2		Warrant, dated August 25, 2003
99.3		Press Release dated August 25, 2003
99.4		Transaction Information (prepared by Fulton)

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