Indiana - 5 Titles

One of my personal favorites is Indiana University.  They've won a total of five championships in 1940, 1953, 1976, 1981, and 1987.  Though they haven't won in nearly 30 years, they were won the tournament early on (in its second year) and they've had numerous Sweet 16 appearances.  Their current coach, Tom Crean, has been with the program for only a few years, but in that time he has managed to dig the team out of it's rock-bottom 2009 season into a truly amazing team in the 2012-2013 season.  Below is an image of Assembly Hall, which is where the Hoosiers play.