Cathay General Bancorp Reviews

Updated August 18, 2015
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2.8
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Dunson K. Cheng
4 Ratings

24 Employee Reviews

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  1. Helpful (2)

    Stay away.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in El Monte, CA
    Current Employee - Assistant Vice President in El Monte, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

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

    Cons

    Low pay and no appreciation from management.

    Advice to Management

    Get to know your people. Seniority means nothing .


  2. 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....


  3. 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.


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  5. 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.


  6. Work for a different bank instead

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

    I worked at Cathay General Bancorp part-time

    Pros

    Great rapport between coworkers at the branch level.

    Cons

    A lot of back office responsibilities moved to branch offices yet corporate does not hire more branch employees to pick up the extra workload. A lot of responsibilities at the branch but less pay compared to other major banks. Very long training sessions for very simple tasks. Low pay.

    Advice to Management

    Advice to corporate: Stop giving all the responsibilities to branch offices while back office has an easy time!


  7. Officer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    It's what you make of it, must be proactive about promotions and raises

    Cons

    Senior mgmt provides little company direction, petty grudges between department heads, people can't check their egos


  8. 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


  9. This may a great place to work for if you are a college student.

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

    Pros

    Manager can give you flexible schedule if you request.

    Cons

    Low pay. Unprofessional training. Limited opportunity to advance. Limited resources to employees.


  10. Assistant store manager

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

    I have been working at Cathay General Bancorp full-time

    Pros

    Good environment nice people nice colleagues

    Cons

    Crazy target shift duties long working hours

    Advice to Management

    Provide more break time to employees and compensate over time


  11. 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.



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