Exhibit 99.1

                              AMENDMENT NUMBER ONE
                                       TO
                         RESOURCE BANKSHARES CORPORATION
                            2001 STOCK INCENTIVE PLAN

        Paragraph 13 is amended and restated as follows:

13.  STOCK SUBJECT        Except as adjusted pursuant to Section 15, the
     TO PLAN              aggregate number of shares of Common Stock that may be
                          issued under Awards may not exceed 200,000 shares of
                          Common Stock; and the maximum number of shares that
                          may be granted under Awards for a single individual in
                          a calendar year may not exceed 50,000 shares. (The
                          individual maximum applies only to Awards first made
                          under this Plan and not to Awards made in substitution
                          of a prior employer's options or other incentives,
                          except as Code Section 162(m) otherwise requires.)

                          The Common Stock will come from authorized but
                          unissued shares. If any Award expires, is canceled, is
                          surrendered by a participant, or terminates for any
                          other reason, the shares of Common Stock available
                          under that Award will again be available for the
                          granting of new Awards (but will be counted against
                          that calendar year's limit for a given individual).

                          No adjustment will be made for a dividend or other
                          right for which the record date precedes the date of
                          exercise.

                          The participant will have no rights of a shareholder
                          with respect to the shares of stock subject to an
                          Award except to the extent that the Company has issued
                          certificates for, or otherwise confirmed ownership of,
                          such shares upon the exercise of the Award.

                          The Company will not issue fractional shares pursuant
                          to the exercise of an Award, but the Administrator
                          may, in its discretion, direct the Company to make a
                          cash payment in lieu of fractional shares.

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