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Heat griddle to 350° or heat frying pan with ¼” cooking oil.
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Cut a pocket in one side of the bread but not all the way through, similar to pita pocket bread. Peel and slice bananas in half, length wise, then in half.
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Insert one or two pieces of banana (depending on the size of your bread) into the pocket. Set aside.
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Mix 1/3 C. sugar with 1 t. cinnamon in small bowl and set aside.
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In a wide bowl, combine the eggs, milk, vanilla, nutmeg and 1 T. sugar. Whisk together well.
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Dip stuffed bread thoroughly into egg mixture and fry in hot oil and a little butter until lightly browned on both sides. Drain on cooling rack.
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Immediately sprinkle both sides with cinnamon sugar mixture and serve at once. Can serve with maple syrup if desired.