Wilson - Great looking palm! Its not overwintered like a banana at all. First tie the fronds in an upward position. Then wrap it from the ground to about half way up the fronds with Christmas lights. Next cover the whole thing with frost cloth. As much as you can. This is only one way of protection though. Many people do different things that work just fine. Just google "palm winter protection". Tons of stuff will come up. Also its best to plant it on the south to southeast side of your house to give it the most sun in the winter and protection from the northern wind and cold. Good luck. Thats a good size to start with.

Jay