Pre-heat oven to 350 degrees F. In a large mixing bowl, combine all ingredients except nuts and cereal together until well-combined. Fold in chopped nuts and cereal and mix until well-combined. Spray 5 (9 X 5-in.) bread pans with cooking spray. Divide batter between five pans. Bake for one hour at 350 degrees F or until a toothpick in the center comes out clean. Remove finished breads from pans and cool on wire cake racks. Yields 5 loaves. Wrap in heavy-duty aluminum foil and freeze additional loaves for later use.