Cathay General Bancorp Reviews

Updated August 9, 2015
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2.7
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Dunson K. Cheng
4 Ratings

16 Employee Reviews

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  1. Helpful (1)

    Welcoming environment with great team working departments

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Assistant in El Monte, CA
    Current Employee - Loan Assistant in El Monte, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Cathay General Bancorp full-time (More than a year)

    Pros

    Everyone is willing to help out and is very accommodating. Excellent starting benefits and very knowledgeable upper management. Most departments have team members whom you can rely on casually hang out with. Not a very cutthroat environment. Very high Asian to non-Asian ratio, however, management has begun branching out to diversify.

    Cons

    The ability to move up is primarily reliant on seniority. You could be extremely knowledgeable and efficient in your work, but someone who has been with the company longer will be promoted quicker. Starting pay is mediocre at best. Most managers are very stringent on working overtime and will try to sway non-exempt employees from contributing too much (if any) OT.

    Advice to Management

    Pay closer attention and spend more time on annual evaluations and determine promotions, raises, and bonuses based on performance. A standard bonus and a standard raise across the board does not compensate those who work extremely hard vs those who do the bare minimum to get by.


  2. N/A

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Assistant in Walnut, CA
    Current Employee - Loan Assistant in Walnut, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Cathay General Bancorp full-time (Less than a year)

    Pros

    Tons of learning opportunity and training from coworkers.

    Cons

    Low upward mobility as the some of the workers (Chinese mothers) have been with the bank for 10+ years. Low pay

    Advice to Management

    Stop being so stingy and increase the average hourly salary pay


  3. Helpful (1)

    This place sucks

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in El Monte, CA
    Current Employee - Anonymous Employee in El Monte, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Cathay General Bancorp full-time

    Pros

    Never having to work overtime

    Cons

    less than market pay and benefits, controlling/micromanagement culture, many positions are hourly rather than salary, huge language barrier if you are not Chinese, raises are crap, management is greedy

    Advice to Management

    Executive management only looks at the bottom line and only values those departments and employees who bring money in. Hard work is not rewarded unless your job brings money to the bank. Everyone looks unhappy and bitter. There is no cooperation between departments. People are rude and will tell you one thing and do something completely different.


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  5. Helpful (1)

    Portfolio Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager
    Current Employee - Portfolio Manager
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Cathay General Bancorp full-time (More than a year)

    Pros

    Some dedicated employees, and an interesting tradition for Chinese new year

    Cons

    Disorganized organization, difficult to change, the entire organization focus on your title instead of real contribution, lack of opportunity for growth if you are fast pace; lack of understanding who is making contributions and who is not.

    Advice to Management

    Invest in IT, HR, and your personnel. Please evaluate the pro and cons before implementing any company-wide project. Hold person responsible (reward and penalty) for tangible performance.


  6. temporary and contractors views

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in El Monte, CA
    Current Contractor - Anonymous Contractor in El Monte, CA
    Doesn't Recommend
    No opinion of CEO

    I have been working at Cathay General Bancorp as a contractor (Less than a year)

    Pros

    Plenty to do and learn. Employees qualify for benefits and able to participate in all events and programs. Many 20+ year employees with the company. Best to know Mandarin or Cantonese.

    Cons

    If not perm employee, there's a good chance you will feel left out. Temp/contractor to employee is difficult to have approved. Those that has worked here for few years are not willing to change for better efficiency.


  7. Helpful (1)

    Great work life balance but not too much upward mobility.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Cathay General Bancorp full-time

    Pros

    The office culture is very friendly. Most people have been with the bank for many years and know what they are doing. The human resources department is very nice and willing to work with employees to make sure that the best possible outcome occurs. Hours are pretty standard without too much overtime.

    Cons

    Because people are with the bank for a long time, there are not many positions open for career advancement. In addition, people are not too willing to try new things if the way it's always worked before has been ok.


  8. I am hard worker, pay attention to detail. I am work well with others, and well organize. Good follow through.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Clerk in Temple City, CA
    Current Employee - Operations Clerk in Temple City, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Cathay General Bancorp full-time (More than 10 years)

    Pros

    Reason to relocate to Boise area, and plan to get marry.

    Cons

    Good environment more than to other state.

    Advice to Management

    Enjoy life.


  9. traditional bank

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in Los Angeles, CA
    Current Employee - Teller in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook

    I have been working at Cathay General Bancorp full-time (More than a year)

    Pros

    someone branch is friendly,traditional, stable

    Cons

    deeply chinese traditional bank, old fashion, no room growth

    Advice to Management

    need more young perple


  10. No culture whatsoever

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Bank Teller
    Current Employee - Bank Teller
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Cathay General Bancorp full-time (More than a year)

    Pros

    fun meeting and chatting with customers.

    Cons

    employees aren't very friendly to each other, lot of people get the run around the bush. higher management seems to not care about employees at branches. there is zero culture - as in not a very lively environment. I felt dead there.

    Advice to Management

    inspire the employees, have better communication. I understand the rift between chinese and english speaking employees, it's natural, but seriously....


  11. Helpful (1)

    Cathay Bank

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in El Monte, CA
    Current Employee - Anonymous Employee in El Monte, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cathay General Bancorp full-time

    Pros

    Great Culture and great office (if you work at the headquarter in El Monte). Good place to work if you are a Chinese speaker.

    Cons

    Seniority tend to be overvalued. Top performers are not recognized and rewarded soon enough. Employee evaluations are often expedited by busy supervisors and are not accurate. Because of its aging community, coworkers are usually not open to change. Most of us still have office 2003 installed on our desktop. Training is unorganized but satisfactory.



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