Preheat oven to 350℉ / 177℃
Prepare an 8" round cake pan by lining the bottom with parchment paper or greasing the pan.
Smash one banana and set aside.
Whisk flour, baking powder, salt and cinnamon in a small bowl.
Place butter and granulated sugar bowl of a stand mixer. Using the paddle attachment, begin mixing the butter and sugar until light and fluffy (2 - 4 minutes), scraping sides and bottom of bowl occasionally. (note: a hand mixer may also be used).
Add room temperature eggs, one at a time, scraping sides and bottom of bowl between each addition. Mix on medium-low speed until eggs are well incorporated.
Add rum and mix for approximately 30 seconds,
Add smashed banana and mix for approximately 60 seconds.
Add flour mixture and mix on low speed until just combined.
Pour half of the batter into prepared pan. Slice 2 bananas in ¼" slices and layer on top of cake batter.
Pour second half of cake batter over bananas and smooth top with an offset spatula.
Sprinkle 2 tablespoons of granulated sugar evenly over top of cake.
Bake for 50 - 60 minutes at 350℉ / 177℃. The cake top will be a golden color and a toothpick inserted in the center of the cake will come out clean when the cake is done.
Place cake on a rack and allow to cool completely before unmolding.
If desired, sprinkle confectioners' sugar over top of cake after unmolding.