Cathay General Bancorp

  www.cathaybank.com
  www.cathaybank.com
Work in HR? Unlock Free Profile

Cathay General Bancorp Reviews

Updated July 14, 2014
Updated July 14, 2014
21 Reviews
3.0
21 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Dunson K. Cheng
4 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Cathay Bank

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

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Relaxed with a family feel

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Bank Teller  in  Brooklyn, NY
    Current Employee - Bank Teller in Brooklyn, NY

    I have been working at Cathay General Bancorp part-time for less than a year

    Pros

    Everyone is really helpful. The work itself is pretty easy, although as a teller i cannot comment on other facets of the bank.

    Cons

    Not much of a ladder to climb. Almost no exit opportunities or in house growth opportunities to speak of.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Good people, needs management training

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

    I worked at Cathay General Bancorp full-time for 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 ManagementAdvice

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

  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    It was a good learning experience

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

    I worked at Cathay General Bancorp as a contractor for less than a year

    Pros

    Got a basis on how a bank works on the operation level. Got a good understanding of different programs that banks use.

    Cons

    If you don't speak Chinese its hard to get promoted.

    Advice to ManagementAdvice

    Have more programs for entry level employees

    Doesn't Recommend
    Positive Outlook
  6.  

    Good if you know how to speak chinese

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

    I worked at Cathay General Bancorp

    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 ManagementAdvice

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

  7. 2 people found this helpful  

    Stay away.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President  in  El Monte, CA
    Current Employee - Assistant Vice President in El Monte, CA

    I have been working at Cathay General Bancorp

    Pros

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

    Cons

    Low pay and no appreciation from management.

    Advice to ManagementAdvice

    Get to know your people. Seniority means nothing .

    Doesn't Recommend
    Disapproves of CEO
  8. 3 people found this helpful  

    Chinese bank.......

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

    I have been working at Cathay General Bancorp

    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 ManagementAdvice

    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.

    Doesn't Recommend
  9.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller
    Current Employee - Teller

    I have been working at Cathay General Bancorp

    Pros

    Manager can give you flexible schedule if you request.

    Cons

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

    Doesn't Recommend
  10. 1 person found this helpful  

    A great learning environment and valuable experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Intern
    Former Employee - Intern

    I worked at Cathay General Bancorp

    Pros

    Responsibilities that have an impact on the company
    Senior management is supportive when an individual is self-driven
    Hands-on tasks give interns a lot of experience and knowledge of the banking industry

    Cons

    Sometimes response from co-workers was slow, so an intern is not able to get their work done.

    Advice to ManagementAdvice

    Build an efficient workflow process for documentation. Develop better ways to electronically store large batches of documents (loan files).

    Recommends
  11.  

    Mortgage Loan Porcessor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Loan Assistant
    Current Employee - Loan Assistant

    I have been working at Cathay General Bancorp

    Pros

    Follow labor laws and provide benefits

    Cons

    Pay is very low and hard to get promotion

    Advice to ManagementAdvice

    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.

    Doesn't Recommend

Worked for Cathay General Bancorp? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.