Cathay General Bancorp
3.2 of 5 18 reviews
www.cathaybank.com Los Angeles, CA 1000 to 5000 Employees

Cathay General Bancorp Reviews

Updated Apr 13, 2014

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3.2 18 reviews

                             

67% Approve of the CEO

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Dunson K. Cheng

(3 ratings)

36% of employees recommend this company to a friend
10 Employee Reviews Back to all reviews
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Welcoming environment with great team working departments

Loan Assistant (Current Employee)
El Monte, CA

I have been working at Cathay General Bancorp full-time for more than a year

ProsEveryone 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.

ConsThe 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 Senior ManagementPay 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.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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I worked at Cathay Bank full-time for 2 years.

Anonymous Employee (Former Employee)
Los Angeles, CA

I worked at Cathay General Bancorp full-time for more than a year

ProsPeople are friendly to work with. The working environment is very stable - many people have been working there for more than 20 years.

ConsA very traditional bank. There is no room for growth. Top performers are recognized but not rewarded, which means you get more responsibilities but your salary/title/benefits didn't catch up accordingly. Might feel like an outsider sometimes if you are not a Chinese speaker.

Advice to Senior ManagementTo attract and retain young professionals.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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traditional bank

Teller (Current Employee)
Los Angeles, CA

I have been working at Cathay General Bancorp full-time for more than a year

Prossomeone branch is friendly,traditional, stable

Consdeeply chinese traditional bank, old fashion, no room growth

Advice to Senior Managementneed more young perple

No, I would not recommend this company to a friend

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It was good, but management needs to update itself

Anonymous Employee (Former Employee)

I worked at Cathay General Bancorp

Prosfriendly place to learn entry job lessons

Consway too cash intensive at times

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Cathay Bank

Anonymous Employee (Current Employee)
El Monte, CA

I have been working at Cathay General Bancorp full-time

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

ConsSeniority 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.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good people, needs management training

Anonymous Employee (Former Employee)
El Monte, CA

I worked at Cathay General Bancorp full-time for more than 3 years

ProsThe bank provides a nice worklife balance, and I genuinely liked the people that I worked with. A lot of them are motivated, sharp, and down to earth.

ConsConflict management is an issue and it makes it difficult to get things done. Middle management and tenured employees will often say what yo uwant to hear but stick with the status quo. There needs to be more healthy conflict to spur change.

Advice to Senior ManagementManagement needs to have more of a presence and lend its weight to important issues. Stand behind some causes and be more visible.

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Good if you know how to speak chinese

Anonymous Employee (Former Employee)
Rosemead, CA

I worked at Cathay General Bancorp

ProsGet to know about the banking business
Co-workers are generally nice
Lunch breaks and work breaks
managers are competent in what they do

ConsIf you don't have a lot of banking experience and do not speak either Cantonese or Mandarin do not expect to excel with this company.

Advice to Senior ManagementMake more opportunities for entry level workers at the bank. Also fix or upgrade the office equipment ex. printers and scanners

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3 people found this helpful  

Chinese bank.......

Anonymous Employee (Current Employee)
El Monte, CA

I have been working at Cathay General Bancorp

ProsI do enjoy the annual bonus payout but it has decreased due to issues with that home mortgage loan mess and the downturn in the economy.

ConsMaybe this is just me but the silence drives me nuts! In the department I work in, you can probably hear a mouse's fart. Yes, we are all suppose to be working and getting work done but where is the friendly chit-chat that keeps things interesting inside the office? Work drags even more in a dead-silent and boring environment. Also, being quite new in my position (just over a year), it's difficult for me to keep up. The manager tells me to feel free to ask for help but everyone always have their heads buried in their work. They don't take their mandatory breaks during the day and sometimes they eat their lunch at their desks and continue to work. It doesn't feel accommodating at all. I feel guilty every time I go to one of my peers for assistance. Oh, and I also don't like their training - "Take a look at last year's work, read the procedural manual and just read up on possible updates on the internet. If you need help, feel free to ask someone." BLEH!

Advice to Senior ManagementPut some life into the department please! I go some days saying less than 20 words, it's boring me to death! And definitely be more considerate of your new workers who have had zero experience in the kind of work you all do. Implementing a shadowing approach will do wonders for any new hires in the department.

No, I would not recommend this company to a friend

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Mortgage Loan Porcessor

Loan Assistant (Current Employee)

I have been working at Cathay General Bancorp

ProsFollow labor laws and provide benefits

ConsPay is very low and hard to get promotion

Advice to Senior ManagementIn order to have your employees given their 100%, salary wise needs to be higher. In order for you to hire good employees, salary needs to be higher.

No, I would not recommend this company to a friend

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secure

Anonymous Employee (Former Employee)

I worked at Cathay General Bancorp

Prosit is a company that offers you opportunities to grow - it encourages its employers to take courses if it is job related

Consi would say it is competitive in there. there were lots of competition and people are eager to keep up

Advice to Senior Managementi think the management has been doing a good job and i have not advice for them. keep doing what you are doing..

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Glassdoor is your free inside look at Cathay General Bancorp reviews and ratings — including employee satisfaction and approval rating for Cathay General Bancorp CEO Dunson K. Cheng. All 10 reviews posted anonymously by Cathay General Bancorp employees.