Cathay General Bancorp Reviews

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Dunson K. Cheng
1 Rating

11 Employee Reviews

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  1. Wonder how this company is able to compete in its industry!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Cathay General Bancorp as a contractor (Less than a year)

    Pros

    For people who desire to work at a easy place where you can get away with doing nothing! It is for a person who is looking for a job and not a career.

    Cons

    A very micro-managed firm by the upper management, it makes difficult to get things done efficiently.

    Advice to Management

    Need some innovation and creative ideas.


  2. Decent place to work at

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

    Pros

    Coworkers are really nice. Learned a lot of life experiences from them.

    Cons

    Senior management trying to work people at their most.

    Advice to Management

    A lot of departments are underman, really need to hire more people to increase efficiency.


  3. 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.


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  5. 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


  6. It was good, but management needs to update itself

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    friendly place to learn entry job lessons

    Cons

    way too cash intensive at times


  7. 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.


  8. Good people, needs management training

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in El Monte, CA
    Former Employee - Anonymous Employee in El Monte, CA

    I worked at Cathay General Bancorp full-time (More than 3 years)

    Pros

    The 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.

    Cons

    Conflict 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 Management

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


  9. Good if you know how to speak chinese

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Rosemead, CA
    Former Employee - Anonymous Employee in Rosemead, CA

    Pros

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

    Cons

    If 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 Management

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


  10. Helpful (4)

    Chinese bank.......

    • Work/Life Balance
    • 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

    Pros

    I 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.

    Cons

    Maybe 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 Management

    Put 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.


  11. Mortgage Loan Porcessor

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Assistant
    Current Employee - Loan Assistant
    Doesn't Recommend

    Pros

    Follow labor laws and provide benefits

    Cons

    Pay is very low and hard to get promotion

    Advice to Management

    In 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.



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