Cathay General Bancorp

  www.cathaybank.com
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Cathay General Bancorp Reviews in El Monte, CA

Updated May 21, 2014

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All Employees Current Employees Only

2.7 6 reviews

50% Approve of the CEO

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Dunson K. Cheng

(2 ratings)

20% of employees recommend this company to a friend
6 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Welcoming environment with great team working departments

    Loan Assistant (Current Employee) El Monte, CA

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    temporary and contractors views

    Anonymous Employee (Current Employee) El Monte, CA

    ProsPlenty 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.

    ConsIf 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.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Cathay Bank

    Anonymous Employee (Current Employee) El Monte, CA

    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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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Good people, needs management training

    Anonymous Employee (Former Employee) El Monte, CA

    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.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Stay away.

    Assistant Vice President (Current Employee) El Monte, CA

    ProsSome people are very smart. Over all a good asian bank.

    ConsLow pay and no appreciation from management.

    Advice to Senior ManagementGet to know your people. Seniority means nothing .

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    3 people found this helpful  

    Chinese bank.......

    Anonymous Employee (Current Employee) El Monte, CA

    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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