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DUBLIN, July 21-- Bank of America on Friday confirmed Dublin as the preferred location for its principal EU legal entities following Britain's departure from the EU. The decision was confirmed by Bank of America Chairman and CEO Brian Moynihan at a meeting with Irish Prime Minister Leo Varadkar. "Dublin is the home to more of our employees than any other European city outside the UK," Moynihan said. "We already have a fully licensed and operational Irish domiciled bank which combined with Ireland's strong commitment to business and economic growth makes Dublin the natural location to consolidate our legal entities as we transition," he said. Varadkar welcomed the announcement, saying that Bank of America has a long-standing commitment to Ireland. "This announcement follows a number of recent announcements by leading global financial institutions and is a strong endorsement of Ireland's attractiveness as a location for investment, and of the government's approach to securing Brexit-related activities," the Irish prime minister said. Bank of America celebrates 50 years of operation next year in Ireland and Dublin is the home of more of its employees than any other European city outside of Britain. The decision to consolidate the bank's legal entities in Dublin will ensure that the bank can continue to serve its customers both in Ireland and across the EU, after Britain leaves the EU, according to the bank. | 
