Preheat oven to 350°F. Spray a 9-by-5-inch loaf pan with floured cooking spray, or grease and flour the pan; set aside.
In a small bowl, combine 1/3 cup granulated sugar with the cinnamon and stir to incorporate; set aside.
In a large microwave-safe bowl, melt the butter, about 1 minute. After the butter has cooled momentarily, add the egg, brown sugar, oil, vanilla, and whisk to combine. Add the buttermilk and whisk to incorporate.
Add the flour, nutmeg, baking soda, optional salt, and stir until just combined; don’t overmix. Batter will be thick and lumpy.
Pour half the batter into prepared pan, smoothing it lightly with a spatula. Sprinkle three-fourths of the cinnamon-sugar mixture evenly over the surface.
Top with remaining half of the batter, smoothing it lightly. Sprinkle remaining cinnamon-sugar mixture evenly over the top.
Bake for 45 to 55 minutes, or until top is set and firm, and a toothpick inserted in the center comes out clean with a few moist crumbs.
Allow bread to cool in pan for about 15 minutes before inverting. Place on wire rack to cool completely.
Notes
This bread freezes well and can also be made into muffins. Let it cool completely before storing.