Exhibit 99.1

FOR IMMEDIATE RELEASE:
CONTACT: |
Lu Ann Klevecz |
Corporate Communications |
757-463-2265 |
RESOURCE BANKSHARES CONFERENCE
PRESENTATION TO BE WEBCAST
Virginia Beach, VA – May 19, 2003.Resource Bankshares Corporation (NASDAQ:RBKV) will participate in the Wall Street Transcript Banking Conference in New York City on Tuesday, May 20, 2003. Lawrence N. Smith, CEO and T.A. Grell, Jr., President, will speak at 9:50 a.m. to investors and securities analysts in attendance.
The presentation will be available to the public through a simultaneous webcast that can be accessed from the Company’s website atwww.resourcebankshares.com. Following the live presentation, the webcast will be available through the website for approximately 60 days.
Resource Bankshares Corporation (Nasdaq: RBKV) is the parent holding company of Resource Bank, a regional commercial bank with branches in Virginia Beach, Chesapeake, Newport News, Richmond and Northern Virginia, and additional mortgage loan offices in North Carolina, Maryland and Florida. Visit our investor relations web site atwww.resourcebankshares.com for a detailed overview of activities, financial information, and historical stock price data, and to register for email notification of company news, events, and stock activity.
3720 Virginia Beach Blvd.Ÿ Virginia Beach, Virginia 23452Ÿ 757-463-2265Ÿ Fax 757-431-2441Ÿ www.resourcebankshares.com