Cathay General Bancorp

  www.cathaybank.com
  www.cathaybank.com

Cathay General Bancorp Reviews

Updated 26 October, 2014
Updated 26 October, 2014
24 Reviews
3.0
24 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Dunson K. Cheng
4 Ratings

Employee Reviews

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  1.  

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

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

    I worked at Cathay General Bancorp as a contractor (less than an 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 ManagementAdvice

    Need some innovation and creative ideas.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Perfect for retirement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Officer Level in El Monte, CA (US)
    Former Employee - Officer Level in El Monte, CA (US)

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

    Pros

    go home on time, older staff are friendly, benefits, easy dress code,

    Cons

    overly conservative, seniority valued over performance, unwillingness b/t departments to work collaboratively, not conducive of personal growth, negative brand perception in public

    Advice to ManagementAdvice

    management training, should retain young talent

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    This place sucks

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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Portfolio Manager

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

    I have been working at Cathay General Bancorp full-time (more than an 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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Decent place to work at

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

    I worked at Cathay General Bancorp

    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 ManagementAdvice

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

  7.  

    temporary and contractors views

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

    I have been working at Cathay General Bancorp as a contractor (less than an year)

    Pros

    Plenty 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.

    Cons

    If 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.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Welcoming environment with great team working departments

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Assistant in El Monte, CA (US)
    Current Employee - Loan Assistant in El Monte, CA (US)

    I have been working at Cathay General Bancorp full-time (more than an 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 ManagementAdvice

    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.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9.  

    Great work life balance but not too much upward mobility.

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

    I have been working at Cathay General Bancorp full-time

    Pros

    The office culture is very friendly. Most people have been with the bank for many years and know what they are doing. The human resources department is very nice and willing to work with employees to make sure that the best possible outcome occurs. Hours are pretty standard without too much overtime.

    Cons

    Because people are with the bank for a long time, there are not many positions open for career advancement. In addition, people are not too willing to try new things if the way it's always worked before has been ok.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    I worked at Cathay Bank full-time for 2 years.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Los Angeles, CA (US)
    Former Employee - Anonymous Employee in Los Angeles, CA (US)

    I worked at Cathay General Bancorp full-time (more than an year)

    Pros

    People are friendly to work with. The working environment is very stable - many people have been working there for more than 20 years.

    Cons

    A very traditional bank. There is no room for growth. Top performers are recognized but not rewarded, which means you get more responsibilities but your salary/title/benefits didn't catch up accordingly. Might feel like an outsider sometimes if you are not a Chinese speaker.

    Advice to ManagementAdvice

    To attract and retain young professionals.

    Doesn't Recommend
    Positive Outlook
  11.  

    I am hard worker, pay attention to detail. I am work well with others, and well organize. Good follow through.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Clerk in Temple City, CA (US)
    Current Employee - Operations Clerk in Temple City, CA (US)

    I have been working at Cathay General Bancorp full-time (more than 10 years)

    Pros

    Reason to relocate to Boise area, and plan to get marry.

    Cons

    Good environment more than to other state.

    Advice to ManagementAdvice

    Enjoy life.

    Recommends
    Positive Outlook
    No opinion of CEO

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