Of the 163 domestic companies, 80 were Chinese-owned and included the manufacturing of coconut oil, food products, tobacco, textiles, plastic products, footwear, glass, and certain types of metals such as tubes and pipes, wire rods, nails, bolts, and containers while the native or mestizo Filipinos dominated sugar, rolling mills, industrial chemicals, fertilizers, cement, galvanizing plants, and tin plates. In 1965, Chinese Filipinos controlled 32 percent of the top industrial manufacturing firms. Of the 259 manufacturing corporations belonging to the top 1000 in the country, Chinese owned 33.6% of the top manufacturing companies as well as 43.2% of the top commercial manufacturing firms in 1980. By 1986, Chinese Filipino entrepreneurs controlled 45 percent of the nations top 120 domestic manufacturing companies. These companies are mainly involved in tobacco and cigarettes, soap and cosmetics, textiles and rubber footwear. The majority of Filipino industrial manufacturing companies that produce the processing of coconut products, flour, food products, textiles, plastic products, footwear, glass, as well as heavy industry products such as metals, steel, industrial chemicals, paper products, paints, leather, garments, sugar refining, timber processing, construction materials, food and beverages, rubber, plastics, semiconductors, and personal computers are controlled by Filipino entrepreneurs of Chinese ancestry. From small trade cooperatives clustered by hometown pawnbrokers, Filipinos of Chinese ancestry would go on to establish and incorporate the largest financial services institutions in the Philippines. Filipinos of Chinese ancestry have dominated the Philippine financial services sector and have had a presence in the country's banking industry since the early part of the 20th century. The two earliest banks started were China Bank and the Mercantile Bank of China, established in 1920 and 1924 respectively. Today, the overwhelming majority of the Philippines' principal banks are now owned by Filipinos of Chinese ancestry, including Philippine Savings Bank, the Philippine National Bank which is owned by taipan, Lucio Tan, controlled through his conglomerate LT Group, Inc., and most notably Metrobank Group which was owned by banker and businessman George Ty, which is the country's second-largest and most aggressive financial services conglomerate. Lesser-known private commercial banks established in the 1950s and 1960s are also owned and controlled by Filipinos of Chinese ancestry. The lone exception of a non-Chinese owned Filipino bank was the Spanish Filipino Lopez-owned Philippine Commercial International Bank, which has since been taken over by Henry Sy's holding and investment company SM Investments Corporation during the mid-2000s, and reemerged itself as a