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Moffet Joins CIT Board

CIT Group, Inc., a provider of financing to small businesses and middle market companies, announced that David M. Moffett has been named to CIT’s board of directors effective July 27, 2010. He will serve as a member of CIT’s audit committee.

Moffett is the former CEO of Federal Home Loan Mortgage Corporation (Freddie Mac). Prior to this, he served as a senior advisor with the Carlyle Group LLC.

He can be reached through C. Curtis Ritter in media relations,