California Bank & Trust

  www.calbanktrust.com
  www.calbanktrust.com

California Bank & Trust Reviews

Updated October 9, 2014
Updated October 9, 2014
33 Reviews
2.7
33 Reviews
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David E. Blackford
18 Ratings

Employee Reviews

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  1.  

    Very friendly environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at California Bank & Trust part-time

    Pros

    The staff are very committed to teaching pertinent skills. The managers and analysts are very easy to talk to. Great networking opportunities with the higher ups. Great work/life balance.

    Cons

    Limited growth. The size does not allow use of sophisticated technologies.

  2.  

    Below Average Job. Minimal career growth.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at California Bank & Trust

    Pros

    Coworkers are generally nice. Somewhat stable. Decent 401k matching.

    Cons

    Below average pay. Poor pay annual raises.Minimal career growth. Management decides how far you will advance in your tenure in first 2 weeks of your job. Lack of cultural diversity in the professional staff.

    Advice to ManagementAdvice

    Promote based on performance. Treat the employees like assets.

  3.  

    Risk Adverse Credit Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Branch Manager in Beverly Hills, CA
    Former Employee - Branch Manager in Beverly Hills, CA

    I worked at California Bank & Trust full-time (more than 3 years)

    Pros

    People in the trenches work really hard. Lots of good people

    Cons

    It is virtually impossible to get loans approved. The bank has a schizophrenic loan appetite... in the market for a few months and then out of the market and then back in a few months later. This causes complete disruption for bankers and confuses customers and referral sources.

    Loan pricing way out of market. I have been working here for 3 years and the Division has lost more loans than it has put on the books. Many good bankers have left or been fired as a result.

    Very high cost medical plans. Benefits are no better than Obama-care.

    The Region Manager is completely detached from the team. He spends all his time on a weekly novel (report) that no one takes seriously and he does not support his people.

    Advice to ManagementAdvice

    The recession is over, reset underwriting guidelines to 2014 economy.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Slowing crashing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in San Diego, CA
    Current Employee - Manager in San Diego, CA

    I have been working at California Bank & Trust full-time (more than 5 years)

    Pros

    401k matching. They were voted San Diego best bank but they excessively solicit the voting entries internally through employee emails, so they win every year. And all the employees get in return is a candy bar?

    Cons

    This is one of those "blame the parents!" Type scenarios. good managers here are far and few- a reflection of the kind of people who work here. There are those who provided mentorship and leadership and then the rest (the majority)who exercise authority because they can. There are issues with personnel at this bank and rather than coaching taking place to save someone with a corporate title shame and embarrassment, things will be swept under the rug. There are discriminatory practices that I've witnessed that made me sick. The leaders of this organization create, foster a hostile and unbearable work environment and it is behavior that is mimicked because it's demonstrated up the chain and therefore viewed as acceptable. This is not an environment where employees are cared for or encouraged to develop professionally. They are encouraged to learn key strokes rather than concepts concepts and processes, to call a centralized number for help rather than being trained and trusted to make an independent decision. Employees are not molded to move on and up because that would warrant a decent salary increase. They are molded and brainwashed to remain loyal to a company who gives nothing but a paycheck in return and the anticipation of an an annual $.20 raise.

    Advice to ManagementAdvice

    I don't see a recovery in the near future. The problems stem from management and employees are taught that this kind of behavior is acceptable. There is no confidentiality within this organization which is completely unethical and unacceptable. Retain employes based on true business need and contribution and rightfuly reward them. Get rid of those who have remained for their own ulterior gain.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Certainly NOT the best place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Commercial Lending in Los Angeles, CA
    Current Employee - Commercial Lending in Los Angeles, CA

    I have been working at California Bank & Trust full-time

    Pros

    None really, unless you're upper management, there's nothing beneficial about this company.

    Cons

    You're not an employee at CB&T, you're a Z-number. The benefits are ridiculous and the pay is low. (If you're hired low, you'll stay low) It takes an act of congress to get a promotion, unless you rub elbows with the right people. They tell you they're going to give it to you, and it is all empty promises. They're discretely discriminatory. This company is a perfect example of "It's not what you know, it's who you know." It's happened to me, and several of my fellow co-workers. I asked for a promotion and was told "There is no opening/need for that title here at the branch." Mind you, three months later, a position (which we had no opening or need for) was created to bring someone from the outside, who happened to know my boss. They don't promote from within. There's absoulutely no insentive to go above and beyond your job duties because they go unnoticed and unappreciated. Unless you're exempt, you have to clock in and out, seriously! Unless you're in management or lending, your referrals are compensated with points which you can redeem for crappy merchandise (what is this, Chuck E. Cheese's?) What a joke! It's unethical and morally irresponsible. Departments don't communicate. There's no sense of community/family within the bank. Like I said, all you are is a Z-number.

    Advice to ManagementAdvice

    Your employees are people, not a "Z number” Treat them with respect and appreciate them; they’ll work harder for you. Honor what you promise. Be fair. Compensate and promote those who have worked hard and deserve it. Not those idiots and just happen to know someone, or are someone's favorite. Oh, and update your ancient system! This is 2014, not 1980! As soon as I find something else, I'm out.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 3 people found this helpful  

    Volatile

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at California Bank & Trust full-time (less than an year)

    Pros

    Paid bank holidays, the standard corporate benefits (paid vacation, health insurance, 401k). Decent facilities, well marketed image.

    Cons

    The doctrine of CYA is practiced religiously here. Though there are bright spots of individuals who accept responsibility for their actions and those who they manage, most look for who is to blame, rather than how to solve the underlying problems (of which there are many). Patience is also often in short supply. It seems to me that what they really want at all levels are robots to man the machines and produce, rather than people working together for mutual success. The culture is also very dysfunctional with a lot of conflict within groups and among groups. On top of all the above, there is also a lot of change underway which has exacerbated all existing issues--more confusion, less patience, more volatility. Lastly, spend a lot more time and energy nurturing new employees and training them. The prevailing practice here seems to be to drop new employees into the ocean and see if they sink or swim. The costs of mistakes are high, and yet training still seems low on management's list of priorities. New employees should (but all too often don't) have the opportunity to shadow an experienced peer for months, slowly being given more and more responsibility. Instead they're left to their own devices to figure out complex and monolithic systems, processes, and policy.

    Advice to ManagementAdvice

    The issues are so deeply entrenched and diversified that I'm not sure how to fix the mess they're in. Probably the first thing to do would be to stop focusing on who did what, and instead focus on solving underlying issues. Reduce redundancy, and cultivate an attitude of putting people first. Nurturing your employees will extend to success in the business. Offer more flexible work arrangements. Encourage senior staff to retire to make way for new ideas. Above all, allow employees to review the performance of management: many issues are top-down issues indirectly caused by bad managers holding all the power. If employees have a voice in their manager's raises and promotions, managers will be more apt to work productively and effectively with their teams.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8. 3 people found this helpful  

    Dysfunctional Corporate Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - New Accounts
    Former Employee - New Accounts

    I worked at California Bank & Trust full-time (more than 3 years)

    Pros

    Health insurance, paid leave, salary and sometimes bonus pay

    Cons

    employees are rated yearly on a star system: no one is allowed to get a perfect, anyone who actually merited the low rating would have to be so bad they should be fired, meaning everyone clocks in at the middle rating, meaning the rating system is bunk and employees quickly lose interest in doing well

    Advice to ManagementAdvice

    The corporate culture seems to believe it is always more important to figure out who was at fault rather than what went wrong. For this reason employees are quite adept at hiding mistakes and what starts out as a simple error can turn into a huge snafu.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    Challenging and Rewarding

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at California Bank & Trust full-time

    Pros

    approachable management, ethical culture, experienced managers, low turnover, stable company, many different types of jobs available

    Cons

    limited growth opportunities, very high employee expectations, low to average pay, Inflexible with working hours, mostly unable to work from home

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Management lacks direction

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at California Bank & Trust full-time

    Pros

    CBT provides excellent resources to their associates.

    Cons

    They don't know if they want to cater to niche clients or pursue mass market.

    Advice to ManagementAdvice

    Focus on one vision.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Executive Administrative Assistant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Administrative Assistant in Corona, CA
    Former Employee - Executive Administrative Assistant in Corona, CA

    I worked at California Bank & Trust full-time (less than an year)

    Pros

    Senior management was very professional and personable. Enjoyed working with the company during the acquisition phase.

    Cons

    The only con for me was the distance of the corporate office being in San Diego. I worked in Corona at the time and couldn't relocate that far of a distance.

    Advice to ManagementAdvice

    Continue doing what you doing and being the strong leadership team you are.

    Recommends
    Positive Outlook
    Approves of CEO

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