In a small bowl, combine the milk and pudding mix and blend well with an electric hand mixer.
In a larger bowl, combine the cream cheese, condensed milk and vanilla extract together and mix until smooth.
Fold the whipped topping into the cream cheese mixture. Add the pudding mixture to the cream cheese mixture and stir until well blended. Combine mashed banana and nuts into the mixture well.
Transfer mixture to a serving bowl and serve with desired dippers. Say Grace and enjoy!