1 (10-ounce) jar maraschino cherries
1 (16-ounce) loaf French bread
1 (8-ounce) package cream cheese, softened
1/4 cup powdered sugar
2/3 cup milk
2 tablespoons butter or margarine
4 large bananas
Prepared whipped topping
Drain cherries; discard juice or save for another use. Halve 8 cherries for garnish; set aside. Chop remaining cherries. Cut off and discard ends of bread; slice remaining loaf into 16 (1/2-inch) pieces.
In an electric mixer beat the cream cheese and powdered sugar at until creamy. Stir in the chopped cherries. Set aside. In a small bowl combine the eggs and milk and beat to combine. Dip the bread slices in the egg mixture, coating both sides. Melt 1 tablespoon butter in a large skillet over medium heat. Cook bread slices in batches, using more margarine when needed. Cook until golden, turning to cook both sides. Set the cooked toast aside in a 180 degree oven to keep it warm.
Slice bananas in half lengthwise, then in half again crosswise. Gently spread 2 tablespoons cream cheese mixture onto each slice of French toast; top with banana quarter. Serve topped with whipped topping, reserved cherry halves; drizzle with chocolate syrup.