height would depend on variety of banana ....some are taller - others are shorter
exposure also makes a difference
I would skip wrapping the plants ...
after the first freeze the top is lost - it will not grow back
cut the stalks to within few inches of the ground ...leaving a stump - those stumps will not regrow new stalks ...
try to cut the stalks shortly after the first freeze ....the stalks are full of water and very easy to cut...
waiting will result in very difficult to cut stalks .... in some countries, banana cultivation is not just for food but also for fiber production
the easiest tool for cutting banana stalks is a machete
remove cut off tops and stalks from the ground for a "cleaner look" ....rake leaves over the spot ...to about 12" depth ...
next spring as outside temps warm up, the banana roots will send up new stalks ..... plants will benefit from a weekly watering
full sun and a southern exposure seems to work best for flowering ....
Given full sun and moisture - your grove should increase in area in just a few years